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Dollar hardly affected by risk-off correction

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Tuesday, global sentiment turned risk off. Initially, the losses on European and US equity markets remained limited. The dollar lost a few ticks against the euro and the yen but both cross rates remained in well-known territory. Later the session, a sell-off in commodity related assets put equities under further pressure. The impact on the major dollar cross rates remained moderate. USD/JPY closed the session 112.62 from 113.46, but most of the losses already occurred early in the session.

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