The dollar has been in rally mode today, especially against the euro and kiwi dollar, currencies that have both been left reeling following weekend election results in Germany and New Zealand, respectively. EUR-USD dove to a one-month low of 1.1793. EUR-JPY and other euro crosses also came off, though the biggest magnitude of decline was in EUR-USD. The NZD-USD pairing, meanwhile, fell by another 0.8%, building on the 1%-plus decline of yesterday.
Recent News
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- Ex-Taliban commander pleads guilty to taking US journalist hostage
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