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Forex Trading, Market News & Technical Analysis

Forex Trading: Asian Session Recap and Ranges

Posted by Akhilesh Ganti on Aug 22, 2013 11:00:00 PM

The US Dollar was stronger -vs- the Euro, Pound and Yen and weaker -vs- the Aussie as the market continues to react to yesterday's FOMC minutes. The fact that the FED is committed to the tapering process has become ingrained in the market's psyche with the only question being one of timing. The other two areas of interest, China and the Eurozone, both released better than expected economic data as well, which has to be somewhat comforting to investors.  

Ranges: {charts: WorldWideMarkets}(click to enlarge)

082313

 

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