Euro Slightly Lower Ahead of ECB; Commodities Dropped on China's Mixed Data

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The dollar rose against almost all of the major currencies on Monday and early Tuesday, with impressive gains against the Canadian dollar and the Swedish krone. The Canadian dollar plunged amid the decreased commodity prices and raw materials as China’s news of the macroeconomic front disappointed the investors. China’s data were mixed, the third quarter’s GDP growth, on a yearly basis, has slowed slightly and the industrial production dropped to 5.7% growth versus 6.0% expected. Furthermore,

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