Sunday, August 18, 2013

EURUSD reaches new weekly highs

Last Friday, the U.S. dollar sharply given the slack, which affected the dynamics of the movement of many currency pairs at Forex market. For example, the EUR/USD reached 1,335 and the GBP/USD reached the level of 1.564.

Such a strong weakening of the dollar is associated with the outflow of investment in the debt market in the U.S. as well as with the weakness of the stock market and the increase in the money supply.

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