Newsom on the Market
Darin Newsom DTN Senior Analyst
Fri Jan 30, 2015 06:18 AM CST

Last week's column (Two Sides of a Coin) discussed recent volatility in global currencies, particularly the inverse (and some would say adverse) relationship between the euro and the U.S. dollar index (USDX). As this week has progressed, the news for both remains the same. Greece is still a mess while the Fed renewed its pledge to not raise interest rates until at least June 2015. Yet both seem to be seeing a change in long-term momentum.

As the end of another month is upon us, the spot euro is priced near 1.1325 after posting a monthly low of 1.1186. This ...

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