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Impending rate hike and weak Chinese inflation weigh on markets

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks fell on Monday on expectations of impending rate hike and concerns over weak Chinese trade data. Live dollar index data indicate ICE US Dollar index, a measure of the dollar’s strength against a basket of six currencies, ended flat at Friday’s 98.9900 level. The S&P 500 fell 1% to 2,078.60 with nine of the ten main sectors finishing in the red zone. This was the sharpest decline of US stocks in six weeks. The energy sector led the decliners, falling 1.45% after a fall in oil

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