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USD pairs back yesterday's losses - TD Securities

FXStreet (Łódź) - The TD Securities team of analysts note that the USD gained strength on Tuesday on the back of the disappointing German ZEW release and continuing geopolitical tensions.

Key quotes

"The terrorist confrontations in Iraq and lingering concerns in Ukraine have all combined to lend support to the USD."

"It is up against most majors on the day and has seen the DXY index climb close to last week's multi-month high."

"The NA session should conform to the summer norm; with only second-tier US data on the docket, no Canadian releases, and no Fed speakers on the schedule it should be a relatively staid affair."

Weakness in oil price persists

Independent Analyst Malcolm Graham-Wood observes that the price of oil remains subdued on Tuesday, especially in the case of Brent crude which continued its decline falling below $104, lower than the market expectations of $104.40-105.40
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AUD/USD weak bullish corrective phase in progress - ForexTrading.TV

Petar Jacimovic, currency analyst at ForexTrading.TV, suggests that AUD/USD is experiencing a weak bullish corrective phase.
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