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Dollar trading mixed despite global risk-off

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Monday, risky assets nosedived. Investors questioned the outlook for Chinese growth after mixed Chinese PMI’s. Tensions between Iran and Saudi Arabia were an additional source of uncertainty, as is the prospect of a lifting of the equity selling ban (in China). The reaction of the dollar to risk-off sentiment was not straightforward. USD/JPY dropped from the mid 120 area to touch an intraday low in the 118.70 area. EUR/USD rebounded temporary north of 1.09, but the rally stalled soon. Soft

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