CMC: euro's loss is dollar's gain
Ashraf Laidi, chief market strategist at CMC in London, said: "The euro's breach below $1.23 and cable's post-election dip under $1.47 were vital technical confirmations for the greenback's ascent."
When forecasting, Laidi said, CMC focused on broadening euro deterioration, dragged down by negative eurozone sovereign dynamics and the European Central Bank's (ECB) foray into quantitative easing. The governing council of the ECB announced on June 30 that it had purchased €60 billion worth of
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