DailyFX - Forex Market News: FOREX ANALYSIS: Dollar Unable to Close Fifth Advance on Fed Slump

DailyFX - Forex Market News Forex Market News

FOREX ANALYSIS: Dollar Unable to Close Fifth Advance on Fed Slump Oct 25th 2012, 04:24 A five-day rally proved too much for the Dow Jones FXCM Dollar Index (ticker = USDolllar). Though risk trends were making little progress this past session (bullish or bearish) and the Fed announced that it would not be increasing its MBS purchases as some stimulus-addicts had expected, the dollar put in for a sharp decline Wednesday.

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