Currency Analyst-Al Azhar
Euro Breaks Out As Dollar Under Assault, SNB Cut Rates Again
The Euro broke above the 1.3100 price level for the first time since November 5th as a SNB rate cut improved the outlook for the global economy and the dollar saw broad based weakness. The Euro would reach as high as 1.3161 despite the ECB’s December report stating that the central bank sees risks to growth outlook are to the downside.
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