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EURUSD: Intraday Analysis & Forecast

With emerging market currencies weighed by risk aversion ahead of next Wednesday’s Federal Reserve meeting, next week is set to be a busy one for traders who will also have to contend with rate decisions from EM nations and a raft of data.

Although the U.S. central Bank is expected to keep its key interest rate on hold next week, 21 economists of 111 polled by Reuters predicted a hike, and persistent concerns about further monetary tightening continue to undermine riskier assets like EM currencies.

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