The Euro rose to an 11-month high versus the US Dollar during trading on Monday and even extended gains versus the Japanese Yen as Japan put more pressure on the central bank (BOJ).
Comments from the Japanese Prime Minister forced the Japanese Yen to a new 2-1/2 year low against the Dollar and a new 1-1/2 year low against the Euro.
The Euro went on a strong rally during the Asian trading session and most analysts believe that it may be due a pullback, while most expect the Euro to continue rising over the long term.
Over the past week the Euro had climbed 3.1% to $1.3343, its highest level since March 2012.
Earlier today, the Dollar slumped 0.4% to $1.3399 per Euro while the Yen dropped to 89.67 per Dollar. The Yen fell 0.9% to 120.13 Euro, its weakest level since May 2011.
Comments from the Japanese Prime Minister forced the Japanese Yen to a new 2-1/2 year low against the Dollar and a new 1-1/2 year low against the Euro.
The Euro went on a strong rally during the Asian trading session and most analysts believe that it may be due a pullback, while most expect the Euro to continue rising over the long term.
Over the past week the Euro had climbed 3.1% to $1.3343, its highest level since March 2012.
Earlier today, the Dollar slumped 0.4% to $1.3399 per Euro while the Yen dropped to 89.67 per Dollar. The Yen fell 0.9% to 120.13 Euro, its weakest level since May 2011.
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