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LimitMarkets
Jun 19, 2019 10:44 AM

Dollar near two-week high ahead of Fed decision Short

U.S. Dollar Currency IndexTVC

Description

The dollar advanced against its peers hitting a two-week high on 97.75 and on 61.8 Fibonacci Retracement. It was supported by falling euro and rising optimism over Sino-US trade war. Even though already pricing a Fed fund rate cut, the dollar is yet to digest FOMC's views on the economy and Chair Powell's comments. An increased dovish narrative will pull it back to 97.00.
Comments
IgorPorokh
@LimitMarkets
Buddy cool idea!
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