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EUR/USD in the year 2017
The Bloomberg dollar index is on track for an annual decline of ca. 8.2%, though it has pared its drop from the more than 10% seen early in September. The dollar had surged to a 14-year high on 3rd January, including a 2017 low for EUR/USD at 1.0341. The Euro...
...is now up more than 13.5% YTD, its biggest advance since 2003, and is the largest G-10 gainer against the U.S. currency this year. EUR/USD was just recently trading @ ca. 1.195, with the pair approaching the late November-2017 high at 1.1961 that may offer technical resistance (?).
Breach of the November-High may allow the EURO to advance toward the 1.2092 year-2017 peak, a level that was reached in September 2017; As a Reminder: Gains above 1.20 previously attracted the attention of ECB officials.
