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Dollar accelerates while euro dives

EURUSD News by Allie Longford on 03:24 February 22, 2017 EST

The dollar was king during the Asian trading session on early Wednesday.

EURUSD is now hovering the 1.05 mark after the buck showed its strength once more against all major currencies. In addition, the single currency was weak against most of its counterparts. For instance, against the aussie it is now in bear territory in all time frames. EURAUD trades at 1.36.

US stock futures remain solid but did not make gains overnight and gold is holding against the strong dollar, a new leg up may be on the cards as soon as the currency takes a break.