U.S. dollar higher after U.K's election

Monday, 12/06/2017 | 08:20 GMT

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Weekly synopsis

The U.S. dollar appreciated versus its counterparts last Friday, amid the sterling resuming lower after Theresa May's Party lost the majority following the nation's Parliamentary election.

U.S. dollar index higher to 97.24

The U.S. dollar index traded to 97.24 rising 0.3%. Earlier during the week, the index fell to 7-month lows following the testimony of the former FBI Director, James Comey, and the U.K election.

The British currency, the sterling, traded aggressively lower as the GBP/USD pair approached the 1.2746 level declining 1.59%.

The EUR/USD reached the 1.1194 zone falling 0.13%, the USD/CAD to 1.3468 decelerating 0.3% and the USD/MXN approached 18.1684 depreciating 0.16%.

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Source: https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-higher-after-u.k-s-election

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