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Sterling nosedives on global sentiment and oil

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Dollar decline remains moderate given poor US data On Friday, global investor sentiment deteriorated again, but as often recently the negative impact on the dollar remained initially moderate. However, during the US trading session, the eco data, including the retail sales, were also weaker than expected. This put the dollar under additional pressure. EUR/USD traded temporary in the high 1.09 area, but the dollar regained part of the losses as the downward pressure on US equities eased after

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