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News, Events, and Stories about currency from around the world.

Talking Points:

- The US Dollar has traded up to fresh seven-week highs this morning, extending gains that started to show last week. As we move into a week that brings rate decisions out of both the European Central Bank and the Bank of Japan, the Greenback is threatening a deeper bullish move as the backdrop may be a bit more open for dovish tilts at both the ECB and BoJ.

- USD/JPY[1] has broken-out to fresh two-month highs, and EUR/USD[2] is testing a key area of confluent support as we open into this week. We look at both setups below, while also taking a look at NZD/USD[3] and GBP/USD[4] after each put in interesting moves last week.

- DailyFX Forecasts have been updated for Q2, and are available from the DailyFX Trading Guides page[5]. If you’re looking to improve your trading approach, check out Traits of Successful Traders[6]. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide[7].

Do you want to see how retail traders are currently trading the US Dollar? Check out our IG Client Sentiment Indicator[8].

US Dollar Rallies Up to Seven-Week Highs Ahead of ECB, BoJ

The US Dollar is higher on the morning, extending gains from last week after strength began to show[9] on Tuesday morning and continued through the Friday close. As we open a fresh week, DXY[10] is trading above a trend-line that’s held the highs for over a year, begging the question of whether we’ll see a

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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