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DXY reverts to correction, capping weeklong rally

The EURUSD pair fell 0.43 to 1.1766 on Thursday, September 16. The single currency started losing ground during APAC trading. During the European session, sellers broke through the 1.18 handle, which kept price action in check for two days. The pound and euro declined amid risk aversion and a rally in the dollar ahead of the Feds upcoming meeting.

 

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