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Wednesday 23 November 2016

Daily Market Roundup (November 23, 2016) - By DailyForex.

Published on Nov 23, 2016
The focus today is on equities, as all the major U.S. market indices hit new all-time highs. The U.S. Dollar has ceased to advance and holds tight as focus shifts to the FOMC meeting minutes release due later.

The EUR / USD currency pair looks to be finding some support below 1.0600, close to the key buying level of 1.0550.

The USD / JPY currency pair is still the key pair where the U.S. Dollar is strongest, but it is having trouble holding up above 111.00 and is beginning to consolidate.

The AUD / USD currency pair is showing some strength, with the AUD the strongest currency of the past two days. However, there is no reason yet to see this as more than a retracement.

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