US Dollar weakens on improving economic outlook

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Source: Bloomberg
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US Dollar depreciated against its major counterparts on Tuesday before US data on industrial production output and home-builder confidence. Economists questioned by Bloomberg expect US industrial output surged 0.5% in December, while home-builder sentiment increased to 22 in January. Dollar fell 0.3% against Euro to $1.2777 in Tokyo yesterday. Currently EUR/USD is trading at $1.2756.
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