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Dollar Index Goes Up; the Euro Inches Down

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Dollar Index Goes Up; the Euro Inches Down

July 17
16:45 2014

dollar newTokyo, Thursday, July 17 – Having deteriorated largely all of a sudden in a step that is supposed to offer a little comfort to the ECB, the euro lurched to 5-month trough in opposition to the yen today and stayed in close proximity to a 2-yr low on sterling.

Detailing it further, in opposition to sterling, the euro lost its footing as much as 78.88 pence, in order to hit a mark that was observed for the first time September 2012. Beside this, tapping a 5-month trough at 137.37, it got 137.50 yen.

Moreover, fragility in the euro lent a hand to boost the dollar indicator to a month peak of 80.577. In addition to this, after being arrived under stress to some extent at 101.80, the US dollar was slightly changed in opposition to the yen at 101.65.

More to the point, from a 3-wk crest of C$1.0795, the American unit descended to C$1.0738. On the other hand, demonstrating a little flexibility, the currency of Australia rebounded from a 2-wk low of $0.9329 to $0.9357 as a result of cheerful risk appetite in the US and Europe.

Above and beyond, remaining a bit on the brink of a 3-wk trough at $0.8690, the currency of New Zealand dealt at $0.8692 level.

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