Resolved Question
What expect from USD this Thursday and Friday?
over 2 years ago
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It appears that the USD rallied on Thursday, after losing a lot earlier this week. It seems that risk aversion was back in play after news of potential debt default sparked some fears in the market. This caused traders to buy up the USD and JPY, which are considered to be safe haven currencies. As for today, we already saw a major market move this morning when the USD continued its strong push. With barely any news on deck for the rest of the day, we may see ranging from here on out. However, with the markets having low liquidity due to the US holiday, if traders continue to buy up the USD, we could see an exaggerated move.
over 2 years ago
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