FOREX: Dollar Rally Curbed as Sentiment Recovers from its Dive, Data Comes Up Short

As we were expecting yesterday, the dollar’s rally stalled through the past session. Considering the greenback’s opening rally wasn’t running under its own momentum, it only makes sense that when the exogenous drivers retreated so would the currency. The Dow Jones FXCM Dollar Index closed its first contraction in three active trading days through Tuesday’s close; though it would still hold above the contentious 9,700 level in the meantime.

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