European Session – Dollar dominance prevails, euro hits new 2-year low
Posted on December 8, 2014 at 3:05 pm GMTThe US dollar was the dominant currency at the start of the new trading week, being supported by fundamentals from last week as there were few economic data releases today that drove markets. The focus remained on Friday’s strong nonfarm payrolls report, which helped the greenback surge to fresh 7-year highs against the yen, peaking at 121.84 yen in early Asian session trading before it pulled back throughout the day to retrace to 120.66. While the yen may have gained [..]