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Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

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USD Reaches 14-Year Highs as EUR Plummets to Lowest Levels in 2016

December, 29 2016
watermark Economic news

The US dollar surged to its highest levels for this week and has nearly reached its highest trading range since 2002 as seen in the DXY index. Meanwhile, the EUR received the brunt of losses against the USD as compared to other currencies after losing about 0.6% of its previous trading value. Dollar gains were somewhat paired after the 10-year Treasury yields dropped to new session lows of 2.52% following a high auction demand for 5-year notes worth $34.0 billion.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.