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Central banks didn’t impress, dollar in trouble

This is what you need to know to trade in the Asian session on Friday, January 22:

He Bank of Japan and the European Central Bank held monetary policy meetings, but as widely anticipated, left their current policies unchanged, while pledging to continue supporting economies during the pandemic. The announcements have no impact on currencies, and financial markets are traded based on trust.

He dollar was the worst performing currency, even though the optimism seen earlier in the day waned in the American afternoon. The Housing and employment figures in the United States, better than expected, they did not impress.

He EUR/USD reached 1.2172 but settled around 1.2150 / 60, unable to overcome a Fibonacci resistance level. He GBP/USD It extends its rally to a new two-year high of 1.3745, remaining above 1.3700 at the end of the US session.

Commodity-linked currencies trimmed most of their intraday gains against the dollar amid poor Wall Street performance. US indices spent the day mixed around their opening levels, unable to attract investors.

He gold closed at $ 1,868 a troy ounce, Meanwhile he WTI ended the day at $ 53 a barrel, virtually unchanged on the day.

The number of new coronavirus infections in Europe and the US continues to decline as the immunization with vaccines continues in slow motion. However, the authorities on both sides of the Atlantic continue to analyze expanding or increasing the restrictive measures.

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