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GBPUSD rebounds to weekly highs

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 20, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The increased confidence investors acquired from the FOMC minutes regarding the high possibility of a US rate rise in December has led to investors unwinding their Dollar positions. While the unwinding of the USD may continue to encourage others to loosen USD positions, the fundamental case for USD strength remains supported, as long as the Federal Reserve raises US interest rates next month. With the Fed moving closer to raise US rates in the near future, this short term USD weakness may

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