NEW YORK ( BBH FX Strategy) -- The U.S. dollar is finishing the week, month and quarter on the defensive. The euro appears poised to challenge the $1.34 area that capped it earlier in the week, while sterling is trading above $1.60 for the first time since last November.Demand is driven from short-term players as well as asset managers. Sterling has been particularly resilient over the past week or so amid merger and acquisition reports. The greenback is also sporting a softer profile against the yen, with a marginal new low for the week recorded in early Europe after a dip below JPY82.00.
Dollar Under Pressure at Month End
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