Euro falls after Franc cap removed

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Source: WBP Online
On Thursday the Euro dropped to a new low against the US Dollar after the cap on Swiss Franc was removed by the SNB. The Euro declined 0.57% to $1.1714 against the Greenback, after hitting an unseen since 2003 low of $1.575. The US Dollar remains strong due to high expectations of interest rates rising, whereas a full scale QE is about to be revealed by the ECB next week. The overall currency trend remains bearish, taking into account the QE bets from the ECB.
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