Day: December 29, 2017

Euro Rallies Higher Against US Dollar on Last 2017 Trading Day

The euro today rallied higher against the US dollar mainly boosted by weak US Treasury yields, which contributed significantly to the greenback’s overall weakness. The release of the German CPI data for December could have also contributed to the single currency’s rally despite recording a slight decline. The EUR/USD currency pair rallied by over 70 points from its daily low of 1.1936 reached during the Asian session to hit a high of 1.2011 in the American […]