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Currency Analyst since 2010

Dec. 24: MARKET OVERVIEW

US dollar remained in demand after a stunningly strong US economic growth spurred markets to bring forward the timing of a likely hike in interest rates (US Q3 GDP was revised to 5.0%). The dollar index reached highs not seen since April 2006. 

Economic calendar for today is rather light with the US unemployment claims dominating the day. 

 

USD/JPY declined from 120.75 to 120.30 as Japanese exporters were selling the national currency.

 

EUR/USD consolidates at 1.2170, pressured by the strong US economic figures. 

 

 

 

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