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ForexCS Analysis

Uncertainty over the US dollar for the first time, buying yen is a better option for risk avoidance.

Oct 11, 2017

The US dollar showed a one-time rise since Friday, September employment statistics surpassed expectations, but it fell against other major currencies concerned about the tension between the US and North Korea that became apparent after that. The US dollar index fell to 93.62 after marking 94.10 which is the highest price update for the first time in about two months at Friday, falling 0.16% from the previous day.

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Rate hike in US economy

May 31, 2016

The USD is trading near its three month highs against basket of currencies. It is finding it strength from a growing view that a US rate hike is imminent. Fed Reserve chair, Janet Yellen, said on Friday that a rate hike would be “appropriate” if the US economy and labour market continued to improve.

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