Tag: January 2017


Daily Market Analysis: 24 January 2017

by Christala Parmaxi, CFTe Overview The US Dollar closed lower against all of its major counterparties on Monday, with the big winner of the day being the Japanese Yen as the Gopher dropped by 1.5% against the greenback. Since the beginning of 2017, the US Dollar follows a declining pattern, losing some of its “Trumpolitics” strength. In the morning, the new president gave some bullish momentum to the US Dollar when he announced his plans of a massive tax cut. However, it did not take long for the traders to drop the......

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