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Intraday Strategies for Beginner Traders on February 19
The US dollar continued to strengthen
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The US dollar continued to strengthen against the euro and the British pound, leveraging positive data.The dollar resumed its upward trajectory after figures for US industrial production and building permits significantly exceeded economists' forecasts. These positive economic data provided new momentum for the US currency, which had been under some pressure recently. Industrial production in January showed unexpectedly strong growth, demonstrating the resilience of the American economy despite concerns about a slowdown. The increase in production volumes indicates healthy demand
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Miroslaw Bawulski,
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Maxim Magdalinin
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