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Thin Trading on US Labor Day Dampens Risk Appetite

posted by Avatar friendlydude 522 days ago in USD, Fundamental, Employment made popular 522 days ago

The EUR/USD tested a significant support line at 1.2790, while the GBP/USD reached as low as 1.5350 before correcting back upwards. Commodity prices seemed to level-out, however, indicating that the upward movement of the greenback may not have been caused by a surging dollar but rather by a decline in everything else.
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