Sterling hit by weak data and by commodity sell-off

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    USD under moderate pressure as risk-off trade resumes On Tuesday, a new down‐leg in commodities and equities initially seemed to pass with little damage for the dollar. However, the dollar finally cracked as the risk‐off trade intensified during the early US trading session. For the dollar, losses remain contained compared to the moves in equities and oil/commodities. Finally, EUR/USD closed the session at 1.0892 (from 1.0838 on Monday). USD/JPY held up remarkably well and closed the day at

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