Weekly roundup: Euro side-lined by USD strength
The euro got off to a steady start last week, with the currency being supported by the Eurozone’s latest GDP and inflation figures.
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The euro got off to a steady start last week, with the currency being supported by the Eurozone’s latest GDP and inflation figures.
The pound rallied on Monday, lifted by an upbeat market mood and pullback in the US dollar.
The pound continued to trend lower on Friday, after the UK reported a shock contraction in retail sales.
The US dollar continued to race higher on Thursday, in response to a further souring of market sentiment.
The euro traded in a wide range over the last month, with data from the Eurozone painting a mixed picture of the bloc’s economic recovery.
The US dollar remained bullish on Wednesday, following the release of the minutes from the Federal Reserve’s July policy meeting.
The US dollar traded with strong gains on Tuesday as the currency benefitted from considerable safe-haven flows.
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