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Euro Drops Second Week as Dollar Stays Near High: Inside G-10


Friday, 15 February 2019 17:38 WIB

EuroEUR/USD


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The euro headed for a second week of losses, unable to profit from soft U.S. data, as short-term traders were willing to fade rallies amid renewed concerns over U.S.-China trade negotiations.

The Bloomberg Dollar Spot Index is higher a second week, the first time since November, as trade talks in Beijing between the world’s two largest economies were said to show few signs of progress.

EUR/USD slips 0.2% to a 1.1268 day low, and is down 0.4% this week following a 1.2% drop last week; Spanish Prime Minister Pedro Sanchez calls a snap election for April 28, pitching the country into a period of fresh political uncertainty.

Source : Bloomberg


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