EUR/USD trades with mild positive bias
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During the Asian session on Wednesday, the EUR/USD pair experienced a slight increase and reversed a portion of the retracement slide from the 1.0715-1.0720 region that occurred the previous day. However, spot prices are still below the 1.0700 round figure and are close to a six-month low that was reached last Friday. Traders are eagerly awaiting the outcome of the highly-anticipated FOMC policy meeting before making any new directional bets.
During the Asian session on Wednesday, the EUR/USD pair experienced a slight increase and reversed a portion of the retracement slide from the 1.0715-1.0720 region that occurred the previous day. However, spot prices are still below the 1.0700 round figure and are close to a six-month low that was reached last Friday. Traders are eagerly awaiting the outcome of the highly-anticipated FOMC policy meeting before making any new directional bets.
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In the European calendar, New Car Registrations in the European Union (EU) expanded 21.0% in the year to August, and Producer Prices in Germany rose 0.3% MoM in August and contracted 12.6% compared with the same month a year earlier.
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