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March 24, 2015
The US dollar continues to weaken across the board this morning, while US Treasury yields fall and commodity prices rebound, as the market continues to re-assess and re-price assets following last week’s FOMC meeting. The euro rose for the third consecutive day against the dollar, trading as high as 1.1000 overnight after German manufacturing and services PMI showed output climbed more than expected in March. Adding support to the euro’s upward trajectory were comments by ECB President Draghi who told European Parliament yesterday that growth in the region was gaining momentum.

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