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Currency markets reach ‘Europhoria’ amid dollar dip

Posted on 29 October 2013

The euro is only set to get stronger this week, according to currency analysts, with the dollar weakening further against the single currency as the U.S. Federal Reserve is poised to put delay “tapering” its bond-buying program.
The euro was trading at 1.3808 against the dollar on Monday morning, its highest level for nearly two years and testing resistance at the $1.3830 mark. According to Kit Juckes, global head of foreign exchange strategy at Societe Generale, the euro’s buoyancy looks set to continue for some time………………………………………..Full Article: Source


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