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EUR/USD drops to 1.2880, fresh 14-month low

FXStreet (Córdoba) - The US dollar continued to rise against the euro and reached fresh 14-month lows during the American session. EUR/USD broke below 1.2930 and fell to 1.2880, level not seen since July 2013.

Afterwards bounced slightly to the upside and currently trades around 1.2905, down 0.35% for the day so far. From Thursday's highs it has fallen 250 pips.

Last week EUR/USD posted the eight weekly decline in a row; the first time to do so since its creation. Technical indicators were showing oversold readings but the pair resumed the decline after peaking earlier at 1.2955.

USD/CHF jumps to nearly 1-year high at 0.9360

USD/CHF jumped around 50 pips in the American session from 0.9310 to break above 0.9330 and tor each its highest level since September 11 2013 at 0.9360 amid a report from the SF's Fed that says Fed may hike rates soon.
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