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Daily Forex Market News 10/11/2016

EUR USD Market News

Today forex technical market news shows EUR market decreased -0.99% against the USD yesterday. EUR USD market closed at 1.0910. Today market will range 1.0909 – 1.0953.

Today the EUR / USD started at 1.0910 in Asia, down from yesterday close. The EUR USD is trading now at 1.0945, which is 0.30% up from today’s opening price.
EUR/USD retreated 0.83% to 1.0935, off a two-month peak of 1.1300 hit overnight.
The dollar initially plunged after Trump was declared the 45th U.S. President, confounding expectations for a Democratic victory.

Trump received a call from his opponent Hillary Clinton to concede the presidency, after he clinched victories in the key battleground states of Florida, North Carolina and Ohio.

Following the market news, European Central Bank Governing Council member Ewald Nowotny said the ECB is ready to intervene in markets in an emergency.

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