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Dollar maintains modest gains

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Wednesday, the Asian equity rebound ran into resistance, as the PBOC fixed the yuan weaker than expected. However, European and US remained constructive, protecting the dollar downside. The US PPI and production data were stronger than expected, supporting modest additional USD gains. Oil also went further up. The Fed Minutes showed that the FOMC acknowledged the risks from the recent market turmoil on growth and inflation. The impact on the dollar was limited, as equities continued to

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