We continue to see chance of USD index in pullback/
consolidation mode in absence of tier-1 data and that market have already
fully priced in a 25bps rate hike move in Dec. Any further USD strength
may have to come out of expectations and hopes of Trump’s policies (which
brings us to the point that he will officially be sworn in as President
on 20th Jan 2017). Potentially for the rest of the week we could see DXY
resistance at 101.80 holding well. Technically stochastics is showing
signs of ...
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