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Dollar holding tight ranges despite China driven swings

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Wednesday China-driven tensions eased during the European session. The risk-on sentiment caused temporary modest USD gains, but the move didn’t go far. Even more, sentiment on risk deteriorated in the US. US equities even closed the session with losses between 2% and 3%. This caused the dollar to reverse the intraday gains. The US currency even closed the session with slight losses, EUR/USD finished the trading day at 1.0877 (from 1.0858). USD/JPY closed at 117.68, almost unchanged from the

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