Euro Is Decidedly Higher against the Dollar

Thanks to the uneventful Jackson Hole last Friday.  Euro is trending strongly higher.


Yellen didn't mention anything related to the future rate hikes during the Jackson Hole meeting.  Markets and traders took the silence on the topic of the future rate hikes as an opportunity to short the U.S. dollar.  

The euro jumped 100 points against the dollar last Friday.  The uptrend continued today. 

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