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Dollar’s biggest risks: Europe and the Fed

It’s been another challenging year for the American economy. Unemployment has been stuck above 9% for months, consumer spending has been stuck in a rut, and overall growth has slowed. Yet, the dollar has still managed to make substantial gains against other major currencies.

For several weeks, 60% of those trading the euro against the dollar have been buying the dollar. And for those trading the U.S. dollar against the yen, more than 80% have favored the dollar over the yen.

Source: CNNMoney [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Scott Boyd

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