EUR/USD – After yesterday’s slight recovery against the dollar, the Euro seems to be continuing its momentum upward on Tuesday. After hitting the lowest level in two months, on the back of Yellen’s comments and various sources from the FED reiterating the point that a rate hike is likely the dollar was gaining momentum but after some positive news out of German and France this morning the Euro seems to have reversed back. How long this will last is another thing, as we have a busy few days of news from the US later this week.
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