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USD: Dollar strengthens against euro

By Smart Currency February 8th, 2017

The dollar (USD) climbed to a 7 day high yesterday.

The dollar was on track to post its best one-day gain since mid-December, rising at the expense of the euro, which has struggled on renewed worries about Greece’s debt problems and signs that far-right candidate Marine Le Pen is gaining momentum in the run-up to France’s presidential election. This is a reverse after the dollar posted its worst start to a calendar year for almost three decades.

Today sees US crude Oil inventories take centre stage. On this side of the pond there is still a general undertone of uncertainty around Mr Trump’s upcoming state visit to the UK, so expect a bumpy ride for the dollar.