Phase 1 completed, AUD responds positively to the agreement, however USD is more restricted. A rather underwhelming response to the official Phase One signing ceremony and us$dollar languishing near or at new lows against most major counterparts and the DXY trying to defend the 97,000 level. it seems no make sense.
I expected DXY above 97.5 .
Perhaps awaiting the fundamentals of events and the various macro releases from the US on Thursday including retail sales for the holiday season .
I expected DXY above 97.5 .
Perhaps awaiting the fundamentals of events and the various macro releases from the US on Thursday including retail sales for the holiday season .
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