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Dollar beaten down, what's next?
The dollar was battered in trading yesterday, with the selling coming mostly in US trading. It also comes after the ECB but I wouldn't really say that was much of a trigger, apart from perhaps a strong run higher in the euro currency itself.For the dollar, it was mostly a delayed reaction to the FOMC meeting as markets had time to digest things. That also saw risk trades rally hard with all three major US indices closing with over 1% gains on the day.EUR/USD was a strong performer, building on t...
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Posted: Jun 16 2023, 04:12
Author Name: forexlive
Views: 081156