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Dollar enjoys additional interest rate support

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Tuesday, the dollar continued to trade with a positive bias even as the global equity rally initially slowed in Europe There was little high profile news to guide USD trading. However, this time interest rate differentials helped the US currency. The 2-year yield spread between the US and Germany reached a new cycle high (107 bp). EUR/USD closed the session at 1.0964 (from1.1016 on Monday). USD/JPY ended the session at 120.07 from 120.76. Overnight, Asian equity markets extended their

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