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Prime News: US dollar accelerates on optimistic US data, higher Treasury yields

The US dollar edged higher early Friday, bolstered by sudden turnaround ignited by optimistic US data and higher Treasury yields.

Dollar bulls, since the Federal Reserve rendered a dovish stance last week, have been more guarded.

Versus the euro, the greenback traded at $1.0876 from $1.0525. The currency closed at ¥119.28 from its one-month trough of ¥118.33.

Market participants on a longer-term seem to sell the currency at better levels… low and dropping real rates would likely to keep euro zone and Japanese investors focused on selling their currencies into rallies,” benefiting the dollar, according to analysts at BNP Paribas.

Meanwhile, Fed Chair Janet Yellen is slated to give a speech on monetary policy today, before the Federal Reserve Bank of San Francisco Conference.

The material has been provided by InstaForex Company – www.instaforex.com

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Last Chance to get MetaStock for as low as $499

After extensive research and development we are very pleased to deliver our latest and greatest version of MetaStock. We have improved the MetaStock FORECASTER, made the Power Console easier to use, added tick charts, and more. If you purchase before March 31, 2015, you can get MetaStock XIV for as low as $449! What’s more, […]

The post Last Chance to get MetaStock for as low as $499 appeared first on Live Trading News.

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