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Dollar skids, euro hits three-year high

Published 01/25/2018, 05:52 AM
© Reuters.  Dollar skids, euro hits three-year high
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  • The dollar index stretched overnight losses to plumb 88.89, marking three-year lows, after U.S. Treasury Secretary Steven Mnuchin suggested a weak greenback would be good for the U.S.
  • That's a departure from decades of traditional U.S. policy, though Mnuchin clarified that the U.S. administration was not concerned about the level of the dollar in the short term.
  • Ahead of the ECB's policy decision today, the euro is heading in the opposite direction, extending its overnight rally to $1.2428, its strongest level since December 2014.
  • ETFs: UUP, FXE, EUO, UDN, ERO, USDU, DRR, ULE, EUFX, URR, DEUR, UEUR
  • Now read: The Outlook For The U.S. Dollar In 2018


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