Dollar US Back In Profit Taking

Equity World - Venturing forex trading the Asian session on Wednesday (28/12), the US dollar back in retreat by profit taking after earlier trading market rose by solid economic data releases overnight. The economic data reinforcing the strength of the US economy in 2017 to support the projected movement of the dollar against its main rivals.Conference Board (CB) released the scores consumers' assessment of the US economy rose in December from the previous month period exceeded even the expectations of a higher score. Scores are reported to CB for the index was 113.7, while the previous period 108.5 109.4 and the expectations of economists.Profit taking experienced by the US dollar made a strong foothold for its main rivals rebound against the British pound, while the exchange rate against the euro and commodities became the foundation to continue to rally the previous trading. Observed US dollar only strengthened against the Japanese yen weakened by fundamentals.For the movement of US session tonight, are driving medium for the US dollar from the data release pending home sales. The data is expected to show an increase in bookings growth of existing homes in the US state.The dollar index, which measures the strength of the US dollar against six major currencies in early Asian trade (28/12) opened lower end of the previous period and was in position 103.01, and is now trading around 102.95.

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