January 23, 2014

The dollar fell against the euro on Thursday following the release of upbeat private sector data from the euro zone, while the Swiss franc moved higher after the government moved to curb mortgage lending.

The euro turned higher against the dollar after data showed that private sector activity in the euro zone got off to a strong start in 2014, as growth picked up in Germany, while the rate of the downturn in France eased.

EUR/USD hit 1.3646, the highest since January 16 and was last up 0.62% to 1.3630.

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