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USD sell-off gathers significant momentum as Fed rate hike expectations fade

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Thursday’s session was a continuation of the USD sell off which has gathered significant momentum as expectations of a Fed rate this year fade. The market probability is less than 50% for one 25bp move this year, and having priced in four at the start of January, this shift has caused the USD index to fall from 99.63 to 96.26 in this week alone. Losses in USD/JPY stopped shy of 117.00 in North American trade Wednesday, but after a brief recovery, we returned through the figure, but stalled

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