US Dollar Index & EURO : 25.08.2016
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US dollar index is trading at 94.69 ; appreciating in overnight trade against the majors despite weaker than expected existing home sales data . With less than two days remaining for the Jackson Hole symposium, investors began shoring up dollars . Weekly jobless claims, Services PMI and durable goods orders are due to be reported today but would have little impact before key event tomorrow . Expect dollar to remain afloat against majors.
EURINR Euro is trading at 1.1275 , remained on a weaker note for the entire trading session and continuing to trend lower . German GDP data reported yesterday, was in line with expectations but remained sold against the dollar on the back of heightened expectations from Yellen signaling tightening tomorrow . German business climate data could add some volatility but expect a weak euro for the day.
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EURINR Euro is trading at 1.1275 , remained on a weaker note for the entire trading session and continuing to trend lower . German GDP data reported yesterday, was in line with expectations but remained sold against the dollar on the back of heightened expectations from Yellen signaling tightening tomorrow . German business climate data could add some volatility but expect a weak euro for the day.