USD records slight losses as equity rebound stalls

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Monday, trading on global markets was mainly driven by the gyrations in the oil price. Oil declined early in Europe and during the US session capping the rebound in global equities.. This oil-driven setback weighed slightly on the dollar. However with USD/JPY closing the session at 118.30 and EUR/USD holding in the 1.0850 area, the losses of the US currency were limited. This morning, Asian equities fall sharply with Chinese equity indices showing losses of up to 5.0%. Oil extends its slide

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