European Session – Dollar weakness across the board, euro rises above 1.09 to new monthly high
Posted on December 9, 2015 at 3:19 pm GMTUS dollar weakness across the board was the main theme of the currency markets on Wednesday. Weakness in the greenback helped the euro rise to a new monthly high of 1.0989. The single currency has pushed above the key 1.09 level for the first time this week as it has taken on a role of a funding currency. Weaker global equities were also modestly supportive of the euro. In terms of data out of the Eurozone today, Germany reported a [..]