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Market Analysis
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Friday saw the late recovery for USD which pared the previous losses and did not take into accounts weak NFP, risk sentiments arising out of attack on Syria or terrorism in Sweden! There are also uncertainties in fiscal policies of Trump government even though FED is on course to raise the rates further! So beyond a point till a clear picture emerges, traders would be quite cautious without taking any big risks!
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A nearly 0.7% increase in the pair is quite commendable especially in a power packed week complete with many big economic data release, meetings, speeches, geo-political risks arising out of USA attacking Syria, terrorism in Sweden and the likes. Though USD assets recovered on Friday itself but whether the trend would continue or not remains to be seen as the risk is still not over and it would just take one event to send USD crashing down. So caution is the buzzword of the traders now!
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