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FX Update: A sentiment comeback or a mere bounce?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Friday's cheerful tone holds. So far. China fix represents biggest one-day yuan gain since 2005. PBoC indicates that there's no need for further devaluation. Friday saw risk sentiment closing on a hopeful note, with JPY crosses rallying and the USD pulling back higher versus the majors, while dipping against the riskiest currencies. The good mood followed through into this week as Asian markets opened on a positive note. China set its currency stronger in the biggest one-day appreciation

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