Market Comment | ECB officials boost euro, while US dollar loses ground
Published on Tuesday, January 2, 2018
Market Comment | ECB officials boost euro, while US dollar loses ground
Summary
The euro began the year by extending its rally, climbing above the US$1.20, level reached last September, when weak US inflation figures were weighing on US interest hike expectations. The movement reflects some weakness of the USD, the dollar index declining (-0.4%) as the US tax reform seems already priced in, but it also reflects […]
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BBVA Research
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