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The dollar plummets further in European trading

 |  Latest News Headlines

The dollar plummets further in European trading

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The dollar falls to lows of the day

The dollar languishes in the session as we see the major currencies extend their gains across the board, with the exception of the yen, which is also under pressure. See our forex education center.

USD / JPY sits slightly lower around 114.00-10 as it has throughout the session, but the rest of the major coin blocks are up against the two currencies.

EUR / USD has risen to 1.1669 and is approaching a test of the resistance region at 1.1670-00, while GBP / USD has risen to new highs in over four weeks above 1.3800:

The pair is contesting a momentum above its 100-day moving average (red line) now with the 200-day moving average (blue line) not far behind, as previously warned here.

On top of that, USD / CAD is also at new lows since early July and is approaching 1.2300:

The dollar plummets further in European trading

 |  Latest News Headlines

The antipodes are leading the charge as stocks remain in a more positive spirit as well, with S&P 500 futures just 1% off all-time highs now.

The dollar plummets further in European trading

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