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USD review

Western Union:

The USD Dollar Index resumed its upward march moving higher for the fourth consecutive day. It traded a high of 97.497 today which is 4.36 percent higher than the low it traded earlier this month on the 14th at 93.133. 

The strength of the US Dollar and higher expectations of an early rate hike in the US sent Gold prices tumbling. Yesterday it fell 1.7 percent, trading a low of 41,185.35 tumbling from levels over $1,200 an ounce. 

The G-7 Finance Ministers are meeting currently in Germany and US Treasury Secretary Jack Lew warned about underestimating the fallout from a new Greek crisis.

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