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17 Dec 2014
Forex Top Movers: The US Dollar extends rally as the Fed loops the loop
FXStreet (San Francisco) - The US Dollar is extending its gains versus its major competitors as investors are betting on the Greenback following the Fed decision to keep rates unchanged, but signaled that a rise in interest rates will be made before mid 2015.
The euro fell below 1.2350 but the pair was bought at 1.2320. The GBP/USD bounced off 1.5550 while the extends gains to 118.65 where the pair found sellers.
On majors, big movers are USD/JPY: +1.80% to 118.58; and USD/CHF +1.3% to 0.9743 in the upside; on the other hand, EUR/USD -1.30% to 1.2324 and GBP/USD to -1.08% to 1.5548.
Beside the four majors, top winners are: USDPLN +1.72% to 3.4294; USDCZK 1.42% to 22.362 and CADJPY +1.60% to 101.62. Big losers are: USD/RUB -6.30% to 62.00; USD/BRL -1.80% to 2.6864; and EUR/NOK -1.30 to 9.1603.
The euro fell below 1.2350 but the pair was bought at 1.2320. The GBP/USD bounced off 1.5550 while the extends gains to 118.65 where the pair found sellers.
On majors, big movers are USD/JPY: +1.80% to 118.58; and USD/CHF +1.3% to 0.9743 in the upside; on the other hand, EUR/USD -1.30% to 1.2324 and GBP/USD to -1.08% to 1.5548.
Beside the four majors, top winners are: USDPLN +1.72% to 3.4294; USDCZK 1.42% to 22.362 and CADJPY +1.60% to 101.62. Big losers are: USD/RUB -6.30% to 62.00; USD/BRL -1.80% to 2.6864; and EUR/NOK -1.30 to 9.1603.