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Risk-off and neutral BoE stance weigh on sterling

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 25, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Risk-off triggers modest USD correction On Tuesday, markets turned into risk-off modus due to the incident between Russia and Turkey. This risk-off trade blocked the rise(in short-term) US yields and triggered a moderate profit taking move in the dollar. However, for now it’s just that: a limited setback on recent USD strength. The dollar correction even slowed later in the session as US equities reversed earlier losses. EUR/USD closed the session at 1.0643 (from 1.0636). The losses in USD/JPY

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