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Dollar shows mixed picture as oil and equties rebound

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Monday, the dollar started with a negative bias as the failed Doha meeting on oil production cuts triggered a risk-off trade in Asia. However, the impact on European and US markets was moderate and equities and oil rebounded. The dollar traded mixed and struggled to prevent further losses against the euro. EUR/USD hovered in the 1.13 area to close the day at 1.1313 (from 1.1284 on Friday). USD/JPY reversed earlier losses as oil and equities rebounded intraday. The pair finished the session

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