Forex - Asian Session - Buy on the Rumor Sell the Fact

The Usd was stronger in the Asian session, as equity markets came under significant selling pressure in the US and Asia. A classic case of buy the rumor sell the fact on the US election. The Eurusd traded lower from 1.3023 to 1.2828, while Jpy saw solid demand pushing UsdJpy down to 97.58. Carry trades came under pressure, as risk aversion and corresponding deleveraging was the trade of the day....



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