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The dollar index extends recovery into second straight day, with strong bounce from new four-month low (103.31) on Thursday, being fueled by fresh risk aversion on global cyber outage, which hit financial centers, banks, airlines and many others, prompting investors into safer assets. Technical picture on daily chart is overall still negative, as 14-d momentum […]

The post US Dollar Index Outlook: Risk Aversion Lifts the Dollar appeared first on Action Forex.

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24/04/2024

Euro Gains Against Dollar Amid Mixed Economic Signals

The EUR/USD pair rose to 1.0707 on Wednesday, driven by increased local risk appetite and the belief that the currency was significantly oversold against the US dollar. This resurgence indicates a temporary rebalancing in the currency market. In the US, newly published statistics provide fodder for economic analysis. Sales of new homes in March showed […]
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AUDJPY Wave Analysis

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