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Super Thursday for GBP; Fed Hints December Rate Hike

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 5, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The US dollar was traded broadly higher on Wednesday following Fed Chair speech! Janet Yellen stated that interest rates could increase in December if the economy continues to support the move, as Fed expects. Yellen was very confident for the economy and pointed out the rising wages and the moderate job gaining that contribute to a strong labor market. The US ISM Non‐Manufacturing PMI signaled further growth for the economy as it expanded beating the expectations to slow down. The services

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