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Intraday strategies for beginner traders on January 16
The dollar continued to strengthen against
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The dollar continued to strengthen against a number of risk assets following another round of US data and remarks from Federal Reserve speakers.Yesterday's statements by Fed officials that it is necessary to take a wait-and-see position on rates revived demand for the US dollar, leading to sales of the euro, the pound, and other risk assets. Markets interpreted this signal as confirmation of the central bank's readiness to keep monetary policy restrictive despite growing concerns about a possible slowdown in
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Miroslaw Bawulski,
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Maxim Magdalinin
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