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Back Fundamental analysis
Euro and pound rally on yield drop despite weak PMIs
In the first half of the
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In the first half of the day, the euro and the pound continued to rise against the dollar after the Democrats' victory in the U.S. elections, despite weak business activity readings in the eurozone and the U.K. Recall that Democrats secured control of both chambers of Congress; the new composition will convene in early January. They will be able to block Trump's bills but cannot pass their own without his signature, and a veto override requires two-thirds majorities they do
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Jakub Novak,
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