The dollar was subjected to heavy selling pressure on Thursday, especially against European currencies.
The US currency continued to be undermined by the fact that congress only put together a short-term budget and debt deal which will ensure further political tensions over the next three months Capital account trends remained an important focus with additional speculation over inflows into Europe.
European stocks pushed to six-week highs and the latest survey of investor sentiment suggested that
funds were not over-weight on US equities for the first time since January.
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