US dollar bulls had all the fun last week. The 17-member single currency came under a three-prong attack – two from the world’s primary reserve currency and the other one was a calculated self-inflicted wound. Stateside, non-farm payrolls and GDP for Q3 both exceeded expectations. Furthermore, Draghi and company at the ECB decided to cut its cash rate
-0.25% to new historical lows. So far, the verbatim list has contributed to the rally of the ‘mighty buck’ against the hapless EUR and other G10 currencies … full article
