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A week for the dollar

Posted by X-Trade Brokers, XTB in March 25th 2008  
The last week had a clear winner on the forex and it was the US dollar. The US currency gained almost 3% to the euro, 3,5% to the yen, nearly 2% to the British pound and almost 4% to the Swiss frank. There were generally two reasons behind this appreciation. Firstly, the previous appreciation wave of the euro reached 1,59 threshold matching the range of a similar wave in autumn 2007, so some technical correction seemed likely. Secondly, the Fed provided an excuse for such a correction lowering Read More...

Filed under: Fundamental