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USD Trading Outlook (14-02-2014)

Currencies

  • Volatility on the euro picked up as the currency fell from 1.3678 to 1.3561 against the US dollar (USD) after Mario Draghi’s comments yesterday that negative interest rates were a possibility in the Eurozone. The single currency rose to 1.3636 short after.
  • The US dollar (USD) suffered losses against the Japanese yen (JPY) as the pair fell below 102.04 in early trading. Investors will be interested in today’s US unemployment claims for more insight into the dollar’s direction.
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