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Banking sector performance weighs on global markets

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    US stocks fell on Thursday due to the weak performance of the banking sector which may postpone the rates hike. The US dollar index which measures the greenback’s value against a basket of six major currencies rose 0.1% to $95.666 still on track to lose 1.4% this week (see live US dollar index data). The Janet Yellen’s testimony did not support the dollar. The Fed Chair mentioned that she expects the gradual interest rates hike this year but the Fed will act depending on the worsening global

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