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The US dollar softens before retail sales data

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The US dollar softens before retail sales data by Ipek Ozkardeskaya The US dollar lost a bit of its shine as the Fed members did not deliver the hawkish comments that the USD-bulls were craving for. Selling pressures in the euro remain tight despite the temporary softness in USD and the lack of conviction in GBP-longs. The expectation for a Fed rate hike is priced in at 66% in the US sovereign market this Friday. The divergence between the Fed and ECB/BoE policy outlooks keep top sellers

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