US dollar completely retraces gains, what happened

Discussion in 'Market News' started by ForexLive, Nov 18, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    US dollar back to where it started US trading It was a two-part trade in New York hours today. 1) The early part of the day was a round of US dollar buying on hopes/expectations that the FOMC would drop a tantalizing hint about December rate hike in the FOMC Minutes. It meant steady US dollar buying and included 30-40 pip US dollar gains across the board.

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