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Improvement in Sentiment Short Lived - Dollar Continues to Recover
The USD continues to gain as risk appetite declines. Market participants had entered this earning season with a false sense of optimism and high expectations, which is fading fast. Alcoa posted disappointing earnings in yesterday's US session, which nows forces traders to reexamine March’s unprecedented rally (short convering driven) and to reconcile their expectations with the corresponding... ...More...
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