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Central Bank Speaks To Tax Reform: Here's What To Watch
Mondays are typically volatile days in the forex market because traders adjust their positions after the weekend and initiate new trades for the week ahead. Today's intraday swings are therefore the norm rather than the exception for front of the week trade. The greenback was all over the place today - it traded lower initially against the Japanese Yen only to spike ahead of the new home sales report but those gains did not last as USD/JPY reversed course on reports that North Korea could launch another missile test in the next few days. The dollar moved in lockstep with 10-year Treasury yields, which weaved in and ... (full story)