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Brexit decline of sterling slows

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Dollar returning part of Friday’s gains after G20. On Friday, the dollar rebounded against the yen and the euro. Initially, the move was supported by a positive equity sentiment. Later in the session, the dollar also profited from better the than expected US data. The US Q4 GDP was revised higher, personal spending and income data were stronger than expected and final Michigan consumer confidence was also revised slightly higher. The dollar made a nice comeback during the US trading session.

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