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Post-Fed USD decline continues

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yesterday, follow-through USD selling in the wake of Wednesday’s FOMC policy decision dominated. The EMU CPI and the strong US eco were largely ignored. EUR/USD closed the session at 1.1318 (from 1.1224 on Wednesday). USD/JPY dropped temporary below the 111 support, but rebounded on rate-BOJ rate checking rumours. The pair closed the session at 111.39 (from 112.56). This morning, most Asian equities continue to trade positive. Rising oil and commodity prices remain a supportive factor. Oil

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