Currency News: Dollar Bullish After Fed Meeting, Euro Falters
The US dollar remained stronger against the yen and the euro on Monday following the comments from Federal Reserve Chair Janet Yellen last week.
The US dollar remained stronger against the yen and the euro on Monday following the comments from Federal Reserve Chair Janet Yellen last week.
The value of the dollar fell last week for the fifth consecutive week, as the euro reached a three-month high against the greenback.
Currently, 1 euro is equivalent to $1.06. This is a drastic change from 2011, when the difference between the two currencies was more than 50 cents greater. Now, the question has become whether the value of the dollar will surpass that of the euro.
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1 month currency prediction from December 10th 2014 until January 10th 2015