The 2013 trading year was a mixed one for the US dollar as the chase for yield and persistent stimulus push by the Federal Reserve curbed the support from the economy’s underlying strength.
The Euro has certainly had a better 2013 than most expected. Momentum is strong headed into 2014.
Gold was off sharply on the week with the precious metal plummeting more than 2.8% to trade at $1203 ahead of the New York close on Friday.
The USDJPY climbed to a fresh yearly high of 104.62 as the Federal Reserve unexpectedly tapered its asset-purchase program by $10B.
The Australian Dollar looks likely to launch a recovery in the weeks ahead as stable RBA policy expectations are complimented by a correction in US yields.
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Written by the DailyFX Research Team. To sign up for a weekly e-mail with our currency outlooks, go to our page for forex news delivered to your inbox.
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