Forex - Dollar rose broadly against majors on surprising data |
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Forex News and Events: The Dollar rose broadly and hit a 5-1/2-month high against a basket of currencies on Thursday, bolstered by a surprise rise in June Home sales and diminished expectations for euro zone interest rate increases. The gain in pending home sales offset a bleak US jobless claims report, supporting a growing view that the current housing slowdown may be nearing a bottom. The data backed expectations of US rate hikes this year, which has fueled a rebound in the Dollar over the
Filed under: Technical
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