FXstreet.com (Barcelona) - After a week of chop, the US dollar was finally able to retrace some of the sharp losses suffered last week following the Fed's decision to pursue a policy of quantitative easing. The rally was seen across the board; but the most prominent advance was made against the greenback's most liquid counterpart: the euro.
EURUSD finally slipped below 1.3415 on a more than 300-point drop through Friday's close. So what was the bullish fuel for the US dollar? A round of second tier economic indicators crossed the wires this morning; but its influence was generally mixed, said John Kicklighter, analyst at FXCM.