Intraday Strategies for Beginner Traders on September 8
Intraday Strategies for Beginner Traders on September 8
The US dollar collapsed after traders
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The US dollar collapsed after traders concluded that the Federal Reserve had no choice but to cut interest rates in September of this year. Weak job growth in the US nonfarm sector for August was direct evidence of this.Traders revised their expectations for the timing of Fed policy easing after the US Department of Labor report showed that only 22,000 new jobs were created in August, significantly below expert forecasts. This news immediately affected currency markets. The US Dollar Index,
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