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10.12.2020 03:55 PM
EUR/USD advances after ECB decision

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EUR/USD

The Euroipean Central Bank (ECB) decided to boost its Pandemic Emergency Purchase Programme (PEPP) by €500 billion to €1,850 billion until March 2021.

The regulator's decision to expanded the program came as a result of an alarming coronavirus situation in Europe.

The euro is moving upward.

Long and short positions are from 1.2150 and 1.2058, respectively.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2024
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