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Post-Fed USD decline peters out

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Monday , there was no clear story to guide USD trading. ECB policy makers kept a soft tone, while Fed speakers were more hawkish. At the margin, this combination was slightly positive for the dollar. US eco data were weaker than expected, but ignored. EUR/USD closed the session at 1.1241 (from 1.1270 on Friday). USD/JPY finished the day at 111.95 (from 111.55 on Friday). This morning, Asian equities trade mixed. Japanese indices outperform, as they had some catching up to do after

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