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31 Dec 2014

EUR/USD hits fresh lows to bid farewell to 2014

FXStreet (Córdoba) - EUR/USD pushed lower and hit a fresh 29-month to bid farewell to the year 2014 as euro weakened following London's close.

The euro accelerated losses during the last minutes and made a new trend low at 1.2112 before taking a breather. At time of writing, EUR/USD is trading at 1.2120, recording a 0.29% loss on the day.

Divergent ECB/Fed monetary policy outlooks continue to weigh on EUR/USD, which is on track to post its sixth monthly loss in a row to end 2014 nearly 12% below its opening price.

Dec 31, 2014

Confirming you are not from the U.S. or the Philippines

EUR/USD hits fresh lows to bid farewell to 2014

United States Chicago Purchasing Managers' Index below expectations (60.1) in December: Actual (58.3)

United States Pending Home Sales (MoM) above forecasts (0.5%) in November: Actual (0.8%)