US Dollar Still Feeling the Pinch

[BECKHAM]

The Euro had edged above the $1.10 level on Thursday, as FX traders still consider abandoning ship on the US Dollar. In the past month, the US Dollar had surged nearly 5% against the Euro, but this week its positive momentum has faded, with analysts expressing some wariness that the year-long rally might be finally reaching the end of its course.

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