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Euro attempts to bounce off 1.1225

Trading in the EURUSD pair ended in decline on Monday, November 22. The euro fell 0.39 to 1.1237. Prices tumbled sharply during the North American session. The DXY index locked in gains on news that US President Joe Biden nominated the current head of the Federal Reserve Jerome Powell for a second fouryear term. The other leading candidate, Leil Brainard, was nominated as Vice Chair. Biden believes Powell and Brainard will provide strong leadership.

 

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