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Forex market reviews

20 February 2017

Media reviews

Tina Pham

Dollar sticks to tight ranges, but drifts lower against British pound (news: 20/02/17)

The U.S. dollar stuck to mostly tight ranges in holiday-thinned trading on Monday, but moved lower against the British pound as investors focused on a Brexit debate in the country’s House of Lords.
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Market sessions

Gabriel Ojimadu

EUR/USD: Monday against Friday

On Friday, trading on the dollar closed down. The euro fell against the dollar as traders closed their long positions in anticipation of the long weekend. Euro-bulls didn't even react to the fall in US bond yields. By the end of the day, 10-year bonds had fallen by 1.22%, to 2.420%. By the end of the session, the euro had fallen to 1.0604.
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17 February 2017

Market sessions

Gabriel Ojimadu

EUR/USD: correction expected after renewed maximum

Trading on the euro on Thursday closed in the green. The EUR/USD rate corrected to 1.0679 on the back on a fall in US bond yields. The US statistics released were kind to the dollar, but not enough to reverse the correction. After an unsuccessful attempt to rise above 2.4868% on the back of this news, US 10-year bond yields fell to 2.4386% (-1.94%).
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