Dollar rises to near eight-week high prior to Fed meeting

Note: This section contains information in English only.
Source: Bloomberg
The Greenback almost reached its peak in nearly two months against major counterparts amid the outlook jobs numbers are going to introduce stronger economic growth, impelling the Fed to further subside stimulus today. The Dollar traded at $1.3411 per Euro after reaching $1.3409 yesterday. The Bloomberg Dollar Spot Index did not change much gaining 0.3% to 1,016.71.

 

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Wed, 30 Jul 2014 07:53:49 GMT

Kiwi exposed to intervention

New Zealand's overvalued currency may experience further declines after the RBNZ warned the Kiwi's level is "unjustified". The Reserve Bank of New Zealand lifted the official cash rate by 0.25% to 3.5% in July, the fourth raise since January. The Kiwi reached its strongest level since August 2011 in July this year. The New Zealand's currency, however, fell to 85.03 U.S. cents today, the lowest in

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