Dollar cautiously higher as sentiment on risk improves

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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    On Tuesday, rising oil prices drove global markets. The oil rally initially weighed temporary on the dollar, but probably wasn’t the only factor. EUR/USD tested the recent highs, but the test was rejected. USD/JPY held north of 108 as equity sentiment improved throughout the day. USD/JPY closed the session at 108.54 (from 107.94). EUR/US finished the day at 1.1386 (from 1.1408). Overnight, Asian equities join the WS rally, with China and Japan recording gains of 2 to 3%. Regional sentiment in

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