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Dollar gives it all back as risk trades run

The US dollar has given back all its post-retail sales gains even with yields still near the highs of the day. US equities are also staging an impressive comeback with the Nasdaq trimming its decline to -0.5% from -1.5%.USD/CAD has made a complete round trip.It's not clear what is driving the turnaround but there's some talk that Biden's visit to Israel may lead to Israel abandoning plans to occupy Gaza. The market could also be listening to earnings calls from CEOs, including Bank of America th... Read More

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Dollar

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Risk

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Forex

Posted: Oct 17 2023, 14:28

Author Name: forexlive

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