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APAC Currency Corner – Commodities on Fire

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Aussie Dollar The Aussie was on fire overnight. Traders took cues from firming global equities with commodities prices gaining a foothold amid a broad commodity rally. It was a classic risk-on rally. Iron touched the USD 60.00 per ton handle as traders speculated on a pickup in demand from Chinese steel mills. China’s economy is showing subtle signs of recovery such as the increase in automobile sales in March, which had traders positioning for a stable China GDP print on Friday. It was the

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