Currencies up against Buck, stocks struggle despite stimulus

Author: Forex Live | Category: News

Seeing broad based profit taking on dollar longs



Recent efforts at the Federal Reserve have alleviated funding demand for the US Dollar and as a consequence, we are seeing broad based profit taking on Dollar longs. Jerome Powell shed more light on the Fed's commitment of unlimited QE, while over in Europe, the ECB kicked off its new emergency bond buying plan.



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