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Intraday Strategies for Beginner Traders on February 3
The dollar will continue to strengthen
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The dollar will continue to strengthen its positions against the euro, pound, Japanese yen, and other currencies.Yesterday's positive data showing that the ISM Manufacturing Index for the US returned above the 50-point mark sparked a new wave of purchases of the US dollar. Traders interpreted this as a signal of potential improvements in economic prospects, which in turn fueled expectations for a future stable policy from the Federal Reserve. The strengthening of the American currency has put pressure on other
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Miroslaw Bawulski,
Analytical expert of InstaForex
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Maxim Magdalinin
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