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![2017 Review: Global Economy and Risk-Taking Steam Ahead – Part II](https://stoxx.com/wp-content/uploads/2018/01/NYC-900x350.png)
Despite the Fed’s and the ECB’s divergent trajectories, the dollar fell against the euro to $1.18 in December from $1.05 in January, confounding expectations. At the start of 2017, the average forecast from five banks pointed to the euro ending the year at $1.05.
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January 2, 2018