EURUSD: Correction movement

SNB “will resolutely counteract a strengthening of the franc vs. the euro” Yen stronger again US dollar At the beginning of the month, EURUSD reached a temporary high at 1.43. Since then, the euro has weakened vs. the dollar. In our view, this was above all a technical movement. After gains of 10% of the euro vs. the dollar since mid-April, a consolidation was to be expected, triggered by profit-taking of market participants. Nevertheless, the logic followed by markets changed noticeably. In

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