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Stocks rally for second day as drums of war slowdown

FXStreet (San Francisco) - Wall Street rallied for second day as investors cheered Putin words that Russian is not going after more than Crimea. On commodities, Gold declined hard for second day while the oil rallied to 99.55.

The Dow Jones Advanced 88.97 points or 0.55% to finish at 16,336.19; the S&P 500 added 13.52 points or 0.72% to close at 1,872.25; the Nasdaq rallied 53.36 pts or 1.25% to end the session at 4,333.31.

USD/JPY ranging on 101 handle

USD/JPY has kept to a tight range on the 101 handle. With a high printed so far of 101.96 when the pair was up to test territory in Europe through 102 but lacked conviction to make the handle and has been as low as 101.27 in North American trading.
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USD/CHF finds resistance at 0.8770 and erases gains

The USD/CHF finished Tuesday flat after erasing gains during the American session amid a weak US dollar across the board.
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