Euro Spikes Following FOMC Minutes

August 22, 2012 2:11 PM EDT
The spot rate between the EUR/USD is trading at its highest level since the first week in July after the release of the FOMC minutes from August. The spot rate broke resistance and is now trading above 1.2500. In the minutes, committee members said they would ease if they don’t see a sustained pickup in growth soon.

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FOMC Minutes, Federal Open Market Committee

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