November 29, 2023 – Written by David Woodsmith
STORY LINK “Big trade of this month has been long equities short dollar,” says Monex Europe
EUR/USD Exchange Rate Advances to Fresh 3-Month Highs, Traders Determined Test 1.10
The dollar lost ground into Tuesday’s New York open with the Euro to Dollar (GBP/USD) exchange rate advancing to fresh 3-month highs just below 1.0990 before a retreat to 1.0970.
Confidence in a soft US landing remains high which has maintained downward pressure on the dollar.