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Dollar trading mixed as risk sentiment deteriorates

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 24, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Tuesday, trading in the major currency cross rates showed a mixed picture. The dollar gained marginally further ground against a weak euro. EUR/USD tested the 1.10 barrier. A poor German IFO business climate weighed on the euro. At the same time, the dollar struggled to prevent further losses against the yen as sentiment on risk was (modestly) risk-off. The US consumer confidence was very weak, but only had a limited and temporary impact on the dollar. EUR/USD closed the session at 1.1020

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