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Session Recap: Risk aversion hits the Euro and fuels the Dollar

FXstreet.com (San Francisco) – The Euro get hurt in the last trading day of the month as concern about an imminent US attack to Syria hit investors’ confidence. The EUR/USD declined for third day and extended losses to 1.3170, however the pair managed to recover ground and it finished the day at 1.3220.

On the week, the EUR/USD lost around 150 pips from 1.3375 opening price. Finally, the Euro logged its first negative month in the last three against the US Dollar. The GBP/USD closed negative for fourth day. This time declining to 1.5460 and closing the week at 1.5495. …read more