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Fed Cautiousness Hit U.S. dollar; Gold Jumped to 3-Weeks High

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Monday was quiet in terms of economic data, however, the major currencies experienced a volatile day. The commodity currencies have soared against the greenback and the euro while the dollar plunged broadly on Fed’s dovish outlook. Gold jumped to three-week high as cautiousness in the U.S. dollar underpinned demand for the metal while ,the oil prices surged over 8% in April ahead of the major producers meeting. Fed cautiousness hit dollar The dollar plunged severely against its counterparts on

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