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USD-gains stay modest despite risk-on rebound

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Friday, the dollar initially gained some further ground in Asia, but the rebound slowed in Europe. The EMU PMI’s were disappointing, but didn’t hurt the euro. Sentiment stayed risk on and oil rebounded further, but the dollar gains were meagre. The risk-on rebound continued in US trading with oil returning to the $32 p/b level. The dollar finally eked out some additional gains. USD/JPY closed the day at 118.78 (from 117.70 on Thursday). EUR/USD drifted south to close the day at 1.0796 (from

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