As we wrap up the week in the forex markets, the USD continues to weaken. Traders were already selling the USD to start the week, and the deep negative GDP revision for Q1 2014 added even more weight.
We saw the US Dollar index fall to a new low on the month. USD/JPY also pushed to new lows on the month with focus returning back to the low in May as well as the low on the year around 100.76. The EUR/USD was able to maintain a bullish run for a second week but has key resistance just ahead.
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