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- Yield-sensitive currency pairs like USD/CHF[1] and USD/JPY[2] are taking a breather amid US Treasury yields pulling back slightly. - Soft Eurozone inflation figures and the rise of a Euroskeptic government in Italy have EUR/USD[3] on its back foot again today. - Retail traders[4] are now net-long both EUR/USD and GBP/USD[5], strengthening the contrarian case for more US Dollar strength. Looking to learn more about how central banks impact FX markets? Check out the DailyFX Trading Guides[6]. US Dollar at Fresh 2018 High The US Dollar (via DXY[7] Index) has set a new high for 2018 (the highest level since December 19, 2017) as investors globally continue to grapple with the consequences of the US Treasury 10-year yield pushing to its highest level since July 2011. While yield-sensitive currency pairs like USD/CHF and USD/JPY are taking a breather as US Treasury yields pull back slightly, soft Eurozone inflation figures and the rise of a Euroskeptic government in Italy have EUR/USD on its back foot again today. DXY Index Price: Daily Timeframe (August 2017 to May 2018) (Chart 1) EUR/USD Open to Further Losses; USD/JPY Eyes Bullish ResolutionIn the near-term, the technical outlook for the US Dollar remains bullish. Positive momentum remains, with price treating the daily 13-EMA as key support in the uptrend. MACD and Slow Stochastics continue to trade near overbought territory, suggesting that bullish momentum is healthy. Although encroached yesterday initially without success, a close through the prior May high of 93.42 would suggest further gains into the December 2017 high at 94.22.Euro Slide Continues amid Low Inflation, Concern Over ItalyAnother

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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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