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EUR/USD tumbles below 1.1200 on comments from Jackson Hole

FXStreet (Córdoba) - The US dollar gained momentum across the board amid comments from Federal Reserve Vice Chairman, Stanley Fischer. EUR/USD broke below 1.1200 and dropped to 1.1158, reaching the lowest level since August 20.

The pair remains near the lows as the dollar index trades at fresh highs. The euro also weakened against the yen and the pound during the last hour.

A dovish Fischer?

Greenback started to rally amid comments from Fischer in an interview with CNBC. According to him a September decision has not been made yet. He mentioned that the direction is toward rising rates, but not certain we were there yet.

It sounded dovish when he mentioned that the direct impact from China was reasonably small. Also pointed out that when the case for a rate hike is overwhelming, a long wait would mean that the waiting was too long.

EUR/USD: 4 days of declines

The euro is falling for the fourth day in a row against the US dollar as it continues the reversal process that started after EUR/USD reached levels on top of 1.1700 on Monday. Since then it had fallen more than 500 pips.

ECB: more QE to come? - ING

Carsten Brzeski, analyst at ING Bank explained that based on the results of six regional states, German headline inflation remained unchanged at 0.2% YoY in August.
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EUR/GBP falls toward weekly lows as Euro plummets

The US dollar started to rise across the board after comments from Federal Reserve Vice Chairman, Stanley Fischer, while the euro plummeted. EUR/GBP broke below 0.7300 and dropped to 0.7265, hitting the lowest since Tuesday.
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