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Dollar slightly lower despite strong payrolls report

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Friday, all eyes were on the US payrolls. Ahead of the report the euro profited from speculation that the ECB might disappoint this week. A strong payrolls report temporary supported the USD, but as wage data disappointed, traders were not convinced and started again looking forward to the ECB meeting. In the end the (trade-weighted) dollar traded modestly lower. EUR/USD closed the session at 1.1005 (from 1.0957). USD/JPY still profited slightly from a positive equity reaction and ended the

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