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10 Apr 2015
EUR/USD: Greenback makes further advances - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted conditions surrounding the greenback in the US shift overnight.
Key Quotes:
"The American dollar advanced sharply against the EUR, ending a fourth day-in-a-row higher against the common currency, as market finally realized a US rate hike this year is inevitable."
"The EUR could not find relief from news Greece made its payment to the IMF, or that German trade balance surplus printed €19.2 billion in February, whilst the German industrial production rose by 0.2% from the previous month. In the US, unemployment weekly claims resulted at 281K last week, slightly below expected."
"However, dollar's strength surged after Wednesday's FOMC Minutes showed several officers voted for a June rate hike."
Key Quotes:
"The American dollar advanced sharply against the EUR, ending a fourth day-in-a-row higher against the common currency, as market finally realized a US rate hike this year is inevitable."
"The EUR could not find relief from news Greece made its payment to the IMF, or that German trade balance surplus printed €19.2 billion in February, whilst the German industrial production rose by 0.2% from the previous month. In the US, unemployment weekly claims resulted at 281K last week, slightly below expected."
"However, dollar's strength surged after Wednesday's FOMC Minutes showed several officers voted for a June rate hike."