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Dollar strength continues to drag EUR/USD and GBP/USD lower
The Non-farm Payrolls report on Friday has resulted in another wave of dollar strength across the asset classes, as forex majors and commodities have suffered in the wake of the strength of the US economic recovery. At 89.37, the Dollar Index is now within 0.25 of a test of its March 2009 key high. Strangely though, Wall Street failed to join in the fun on Friday with a rather tepid reaction, as the S&P 500 only gained by 0.2%. Asian markets have been mixed to positive in their reaction on Monday, although key data released in the region is guiding the early moves today. There have been slightly positive moves seen ... (full story)