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The oceanic currencies outperform in the forex market

From insights.globalprime.com

We head into Tuesday with the revival of risk appetite conditions as clearly portrayed by the outperformance of the commodity-linked currencies complex. In order of strength, the Kiwi, the Aussie and the Canadian Dollar were the currencies delivering the strongest gains. On the flip side, we had an almost analogous negative performance by the rest of currencies. The USD, Euro, Yen, Swissy and Pound, all fell at an index level, within 0.20% to 0.30%. This balanced decline resulted in only finding trends by matching the 3 strongest vs the 5 weakest. This time around, the overall daily performance in Forex matched to ... (full story)

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  • Category: Technical Analysis