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EUR/USD touches a low of 1.1538 on the day
Sellers are now aiming for a move to test the September low @ 1.1526. The dollar and the yen are the two main beneficiaries at the start of European trading as risk off tones in equities is helping to keep both currencies underpinned.
The euro is also not helped by comments from Italian lawmakers such as this here. Italian bond yields are once again surging at the start of trading and that is adding further pressure to the euro to begin the trading day.
In fact, the euro has fallen against the dollar in October trading during the last four years:
This article was originally published by Forexlive.com. Read the original article here.