Anthony Wu | Mar 16, 2015 07:44PM ET
The US Dollar index fell from 100 again on concerns that Fed may consider to delay the rate hike as USD rocketed and inflation is still at low level. The bulls of USD shall be aware that if Fed remains “patient” in its March statement and warn on the negative effects of strong Dollar on US economy, USD may face a significant retracement in a short time.
Euro rebounded from 1.05 yesterday, but failed twice on standing beyond 1.06. The ECB president Draghi said earlier this morning that Euro-area economy has started recovery, boosted by the easing policy and tumbled oil prices. The resistances upward are 1.06 and 1.0760; 1.05 is still the critical support.
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