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Euro At Highest Level in 5 Weeks Supported by Dutch Elections.

By DailyForex.com Team
The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.

The Euro reached to its highest levels in 5 weeks during Asian trading session after the Polls results showing the winning of pro-EU party in the Dutch elections, giving the investors another reason to push the currency higher, after the Fed raised the interest rates. The Dutch Elections ar the most recent test for the populism sentiments against the EU and immigration. The first results also supported the previous polls, showing that the Prime Minister Mark Rota is most likely to be challenged by his far right opponent “Khairat Feilders”, reducing the risk of the Euro collapsing.

The Euro briefly reached to $ 1.0746, and the Euro gains were even in the wake of Fed’s rates hike, which is the third hike by the Fed since the Global Financial Crises. While raising rates usually supports the US dollar, the decision made it clear that there are no changes in the Fed’s view towards raising rates, which resulted in dollar’s selloff.

DailyForex.com Team
The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.

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