EUR/USD
The unexpected decision of major central banks to ease the interbank lending by means of Libor-OIS swap rate reduction by 50 basis points caused an impressive rally. By the end of trading on Wednesday, shares of financial companies went up by about 6%, S&P 500 grew by over 4%. An hour after the announcement the dollar index fell by 1.3%. This is a serious movement as it poses a significant risk to the technical picture of the dollar growth in November. EURUSD pair which showed the intraday low at 1.3260 after the decision immediately soared up to 1.3530. Lately, the market more…