USD gains on positive economic data from the US, Euro & Yen weaken

Article Image Source: Advanced Currency Markets |

G10 Advancers and Decliners vs USD
EUR -0.14
GBP -0.17
JPY -0.38
CHF -0.39
Dollar traded the strongest against most currencies on speculation that economic data from the US would report positive consumer spending data and as US GDP figures rose 3.1% YoY on Friday. EURUSD traded at a low of 1.4021, weakest since March 18 as Germany Chancellor Merkel’s party was defeated in polls putting in doubt the political situation in the nation, USDJPY moved to a one-week high of…

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