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US Dollar Index to edge back towards 93.30 on failure to reclaim 96.50 – SocGen

The US Dollar Index (DXY) has sharply reversed from the peak of 97.45. On Thursday, DXY lost nearly 0.7% and stays within a touching distance of 95.00. Economists at Société Générale highlight the risk of seen a slump to the 93.30 mark.

Low of January at 94.50/94.30 is first support

“Daily MACD is attempting an entry within negative territory which denotes further downside is not ruled out.” 

“Low of January at 94.50/94.30 is first support.”

“Failure to reclaim graphical levels of 96.50 could indicate return towards the upper limit of its base at 93.30.”

 

GBP/USD set to test the 1.3750 January highs fueled by BoE's hawkish tone – ING

A hawkish Bank of England raised rates and there is surely more to come, according to economists at ING. They now expect further rate rises in March a
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EUR/USD to test the 200-DMA at 1.1678 as tighter ECB policy provides more support – MUFG

The euro has continued to strengthen extending its advance following Thursday’s European Central Bank (ECB) policy update. Economists at MUFG BANK bel
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