The strongest and weakest currencies in trading today - February 26 2015
The USD is the strongest currency in trading today. The greenback benefited from a higher core inflation (ex food and energy +0.2% vs +0.1). Durable Goods orders were generally better than expectations. Initial Claims were weaker. The dollar was helped by some technical breaks especially versus the EURUSD, the AUDUSD and the GBPUSD.
The weakest currency was the EUR. The EURUSD tumbled through technical levels with little in the way of corrections. The 198 pips trading range was the largest trading range since February 3rd. The fall, dragged down all the other EUR pairs on the day.
