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JUN 14, 2014 - Zero Hedge

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FX: Diverging Performances

There was a clear divergence in the performance of the major currencies over the past week. Simply put, the dollar-bloc was strong, and the continental European currencies were weak.   Sterling, with the help of Carney's warning that a rate hike could be delivered sooner than the market thinks, remained sympatico with the dollar-bloc. The New Zealand dollar led the majors, and was rewarded for the hawkishness of its central bank as well.   The yen moved with the dollar-bloc, gaining almost 0.5% against the US dollar. The impulses did not come from US yields, where the benchmark ... Read More

Tags: FX: Diverging Performances,  European Central Bank Latest News