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EUR/USD: Risk appetite led the way this Wednesday

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD Risk appetite led the way this Wednesday, triggered by Chinese data released overnight which lifted hopes that the economy is finally stabilizing, as exports, in USD terms, rose by 11.5% in March whilst exports fell less than expected, down by 7.6%, resulting in a trade surplus of $29.86B, down from $32.59B in February. Asian equities soared, with European and American indexes following the lead. Safehaven assets suffered the most, whilst commodities also dropped on the back of oil's

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