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Published on 12 Jan 2017
President-Elect
Trump’s press conference yesterday produced a meaningful market
reversal of the “Trump rally”, with the U.S. Dollar tumbling sharply
against most other currencies, especially the Yen and Australian Dollar.
The EUR / USD currency pair has risen, reaching a 9-day high above 1.0630.
The USD / JPY currency pair reversed sharply and is still falling, touching a 1-month low just above 114.
The GBP / USD currency pair initially traded close to 1.2000 near multi-year lows, but reversed and is now rising above 1.2250.
The EUR / USD currency pair has risen, reaching a 9-day high above 1.0630.
The USD / JPY currency pair reversed sharply and is still falling, touching a 1-month low just above 114.
The GBP / USD currency pair initially traded close to 1.2000 near multi-year lows, but reversed and is now rising above 1.2250.
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