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Buying US Dollars?

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The US dollar has weakened against a raft of currencies after data was released showing that US consumer inflation was mostly in line with expectations in February.

This certainly had an effect on the EUR/USD rate this afternoon and the pairing rallied by 60 pips within a few minutes and hit a 3 day high of 1.3134!

GBP has also managed to make considerable gains and has been trading around 1.58ish

Basically if you are a buyer of dollars now is as good a time as any.

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