US funds flows push the euro below $0.90

MARKET NEWS

It's been another turbulent week for the euro. Matthew Clements, economist at Prebon Yamane in London, takes a look at the key trading influences acting on the currency

The euro fell almost four big figures from the week's high to below $0.90 for the first time since late December on Thursday. The release of stronger than expected US payroll data for February preceded a turbulent week for global stocks, with international fund flows moving in favour of the dollar. This was despite heavy losses

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