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Forex – The U.S. dollar hit its lowest level

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FOREX Forex – The U.S. dollar hit its lowest level against the euro in over a week on Tuesday and fell against other major currencies after Federal Reserve Chair Janet Yellen said it was appropriate for the Fed to proceed "cautiously" in hiking interest rates. Yellen's comments hurt the dollar by pushing out expectations for the central bank's next interest rate hike. U.S. Fed funds futures implied traders saw a 43-percent chance of the central bank hiking rates in July, down from 51 percent

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