Markets Turn Classic Risk Off: Risk-Off sentiment returned to the US Dollar overnight, causing the USDX to snap sharply higher. USDX Daily: Following the giant squeeze up in EUR/USD that we’ve seen this week, it would seem that enough weak hands have been shaken out for the currency to prepare its descent lower again. So often volatile moves one way are met with equally violent moves the other and if you throw in a Fed speaker or two then this is what you get! This move is all about sentiment
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