The Dollar USD continued its gains against the Euro EUR, hitting another five-month high amid ongoing sovereign debt worries in the periphery of the euro zone and further signs the region’s recovery is losing momentum.
The dollar also received a general boost as strong economic data from China. All in all the dollar has shown huge gains which would likely be taken advantage of next week – i.e. we think a minor sell-off is coming down the line by FOREX traders.
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