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US Dollar Punches Higher

From marctomarket.com

Disappointing data in Asia and Europe has sent the greenback broadly higher. The strong gains posted before the weekend were mostly consolidated yesterday when the US and Canadian markets were on holiday. The rally resumed today. The Antipodeans and Scandis have been hit the hardest (-0.7% to -1.25%) but all the G10 currencies are down. The Swiss franc and yen are off the least (-0.35%-0.45%), and the euro and sterling have taken out their recent lows. Emerging market currencies have also fallen. So far, none have been spared. Most of the large Asia Pacific bourses were under pressure, though Japan, Taiwan, and India ... (full story)

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  • Category: Fundamental Analysis