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US dollar slipping back as market sentiment turns negative once more

From hantecfx.com

Any improvements in sentiment right now seem to be somewhat fleeting. Within this, the dollar which looked to be regaining its poise, has been hit once more. There are a couple of factors driving moves on the dollar. Firstly, the PBOC seems to have been looking to support the yuan through selling yuan-denominated bonds (seen as a method to prop up the currency). This is weighing on the dollar, but additionally another catalyst seems to be linked in no small part to the comments or tweets on a daily basis from President Trump. His latest salvo has turned attention back on currency valuations. Trump believes that ... (full story)

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  • Category: Technical Analysis