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US Stock Market News Digest on August 27
The market freezes: how the US "Tax
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The market freezes: how the US "Tax Census" and Jackson Hole could break the calm in EUR/USD The EUR/USD pair has frozen in a narrow range of 1.1640 to 1.1680, reflecting traders' confusion. The reason is the conflicting messages from American statistics: the economy has formally slowed down (GDP fell to 1.5%), but its fundamentals remain strong due to robust domestic demand, while inflation stubbornly exceeds the Fed's targets. This "cocktail" of facts has provided the dollar with no basis for confident growth
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