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US Dollar drops against European Common Currency

Note: This section contains information in English only.
Source: Dukascopy Bank SA
[ANNOUNCE]

During Thursday, October 10, the US Dollar depreciated 50 pips or 0.46% against the European Common Currency. Most analysts believe, the decline occurred due to upcoming trade talks between the US and China.


[/ANNOUNCE]

However, note that the demand for yellow metal as for a safe-haven asset remained unchanged, as there were no significant movements in the XAU/USD exchange rate.


Also, the demand for the Japanese Yen as for a safe-haven currency was not affected. Therefore, it is likely that the abovementioned drop of the Greenback is not related to the US-China trade tensions.

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