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Today's Currency Movers 5 Day Change

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Within the past 5 trading days the GBP has underperformed against the majors; the moving factor for the GBP drop is the market belief that U.K. interest rates will stay low for a long time. The GBP market is now adjusting to expectations that monetary policy may stay accommodative for longer, which should soften GBP over the short term. The USD, over the last 5 trading sessions, is seeking direction ahead of tomorrow’s widely anticipated U.S. jobs report. Since any rate hike is “data

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