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23 Dec 2014
Greenback making fresh highs - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet, noted the greenbacks advance across the board.
Key Quotes:
“The American dollar advanced once again this Tuesday, reaching fresh year highs against most of its major rivals”.
“The catalyst for the advance was the Q3 GDP reading which final revision reached a whopping 5%, the highest in 11 years”.
“Market ignored weaker Durable Goods Orders released alongside with GDP figures, while an hour later, another hurdle of US data resulted in growing Consumer Confidence and Personal Spending, but less New Home Sales than expected”.
“Nevertheless, investors embraced the dollar and equities, as these lasts surged to all time highs in the US”.
Key Quotes:
“The American dollar advanced once again this Tuesday, reaching fresh year highs against most of its major rivals”.
“The catalyst for the advance was the Q3 GDP reading which final revision reached a whopping 5%, the highest in 11 years”.
“Market ignored weaker Durable Goods Orders released alongside with GDP figures, while an hour later, another hurdle of US data resulted in growing Consumer Confidence and Personal Spending, but less New Home Sales than expected”.
“Nevertheless, investors embraced the dollar and equities, as these lasts surged to all time highs in the US”.