SubscribeUS Session: Risk Aversion Boosts Demand for the Dollar after Worse-Than-Expected Payroll Number
July 2nd, 2009 • Related • Filed Under
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The dollar strengthened across the board as the worse-than-expected non-farm payroll number prompted traders to steer away from high-yields. The EurUsd continues its losing streak thanks to the dollar strength, dipped 160pips from yesterday’s high to 1.40 as downward momentum was represented by declining RSI. The GbpUsd fell 100pips and consolidated around 1.63, registered a three-day drop of… | ||||||||||||||||
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