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Dollar index hits 8-month high

The dollar index posted an 8 month high during yesterday’s trading, the index is a measure of the greenbacks performance against a basket of currencies of America’s largest trading partners

By Richard Nehme | Nov. 26, 2015 10:25 GMT
Euro continues to benefit from weaker USD
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Euro continues to benefit from weaker USD

AUD strengthens slightly

Euro continues to benefit from weaker USD

US dollar continues to strengthen against euro

Euro continues to benefit from weaker USD

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The euro sell off continued on EUR/USD as weakness from the single currency combined with a strong dollar forced the pair to a 7 month low of 1.0565 after opening at 1.0642. Euro regained a little bit of ground to close at 1.0618, however with a US rate rise on the horizon and continuing concerns regarding the Eurozone, forecasts are expecting a downward trend to continue into December [...]

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