EUR/USD rose to a four-week high by 1.3166 as European Central - TopicsExpress

EUR/USD rose to a four-week high by 1.3166 as European Central Bank President Draghi assured investors that the area’s economy should recover and growth will likely stabilize. The single currency rose as Draghi depicted a better picture of the economy than last time round. RTFX’s Asset Management strategies are so far benefitting from the rise in EUR/USD as they positioned themselves long early and increased their positions as the pair broke above 1.3130.

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