The US dollar we're now trading just below 1.1450, remember wasn't too long ago the euro was down around 1.05 or so and everybody was talking parity with the dollar, all the traders were short the euro and I was saying that the euro was bottoming, that the euro is going to rise and the rise is just now beginning and I think there's a lot more to this move, of course other currencies are also following the euro's lead.
Jun 30, 2017
The Euro Is Surging Against The US Dollar
The US dollar continued its decline, the dollar index falling to a fresh eight-month low. The dollar is being led lower by a surging euro. The euro is actually at a 12-month high against the US dollar.
Jun 29, 2017
Draghi Sends Euro Higher, US Dollar Lower
The US Dollar was down sharply and broadly led lower by a rally in the euro currency. The catalyst for the euro rise were some statements by Mario Draghi early in the morning basically where he said that he thought the downward pressures on inflation were transitory so a somewhat hawkish stance on inflation and the markets took that to mean that QE will come to an end sooner rather than later.
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