U.S. dollar at its lowest area within a 3-month period

Wednesday, 03/01/2018 | 09:07 GMT

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Weekly synopsis

The U.S. currency traded to its weakest zone within a period of three months against its major counterparts last Friday performing its biggest yearly percentage declination since the year 2003.

U.S. dollar index at 91.83
The U.S. dollar index approached the 91.83 zone the weakest area since September 22. On a yearly basis, the index decelerated 9.8%.

The EUR/USD traded to 1.2000, with the euro gaining momentum versus the U.S. dollar, an overall rise in 2017 of 14%.

The European Central Bank will likely be reducing its monthly bond-buying scheme from €60 billion to €30 billion.

The USD/JPY aimed at 112.67 with the pair losing throughout the year 2017 3.64% in total, the GBP/USD climbed 9.58%, and the USD/CHF decelerated 4.28%.

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Source: https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-at-its-lowest-area-within-a-3-month-period

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