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USD Reaches 14-Year Highs as EUR Plummets to Lowest Levels in 2016

December, 29 2016

The US dollar surged to its highest levels for this week and has nearly reached its highest trading range since 2002 as seen in the DXY index. Meanwhile, the EUR received the brunt of losses against the USD as compared to other currencies after losing about 0.6% of its previous trading value. Dollar gains were somewhat paired after the 10-year Treasury yields dropped to new session lows of 2.52% following a high auction demand for 5-year notes worth $34.0 billion.

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Market updates and forecasts

USD Reaches 14-Year Highs as EUR Plummets to Lowest Levels in 2016

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