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Currency Pair Overview: Euro Plunges In European Trade

From thelfb-forex.com

Overall, the dollar index continued its uptrend in Tuesday trade, even though the equity and the commodity markets moved very little. With the gains posted throughout the overnight session, the dollar index is approaching the 77.00 area, the highest value since October. The weakest pair throughout the session appears to be the euro, which is being wore down by the slow-recovering European business cycle. Ahead, the currency market is expected to maintain its momentum during the upcoming U.S. session. (full story)

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