The Traderszone Network

Published in TZ Latest News 16 August, 2014 by The TZ Newswire Staff

Reassessing Fundamentals Is Not Conducive For High Conviction FX Trades

By Marc Chandler:

The US dollar has entered a corrective/consolidative phase, and its performance over the past week was mixed. The greenback lost ground against the dollar-bloc and Scandis. The Norwegian krone, lifted by a rise in the CPI and retail sales, gained almost 1.6% against the dollar to lead the majors. The dollar rose against the euro, sterling and the Japanese yen.

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