Wednesday, January 15, 2014

USD Rally In Asia

Ahead of other markets
US Dollar Index extended its high with an opening daily gap lifted by comments from Fed officials. The dollar index after dropping to 80.44 is now back at 80.87 as of this writing. The strength has clearly influenced the Aussie and the Yen for now.

Background:
As one of its regional Federal Reserve bank official continues to push for a cut in the U.S. central bank's emergency lending rate in December, while three others renewed their request to hike it instead. The source was from the minutes of Fed deliberations released on Tuesday. This are the kinds of market influence that dictates price movement even before two other market sessions open.

USD Rally in Asia

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