Forex Trading: 13 December 2013
With US budget talks looking optimistic and economic data pointing in the right direction, the currency markets are now wondering whether next week's FOMC meeting will see the start of tapering.
As such, the euro took a breather in its latest sharp rally, losing 34 points against the dollar to close at $1.3752.
Forex Trading: 12 December 2013
Ahead of ECB President Mario Draghi's speech in the EU Parliament, the euro stayed its bullish course versus the dollar, gaining 25 points to $1.3785.
The market widely expects the ECB Chief to say that the threat of disinflation has receded, which has eased the need for further monetary stimulus intervention.
Forex Trading: 09 December 2013
The shared currency's climb versus the dollar continued on Friday as investors continued to digest the last ECB meeting where Mario Draghi seemed reluctant to add more monetary stimulus.
As such, the EUR/USD
pair reached $1.3702, a 36 point rise for the session, and seems poised to maintain that bullish stance early this morning.
The information and comments provided herein under no circumstances are to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice. The information provided is believed to be accurate at the date the information is produced.
By Jonathan Sudaria, 13 December 2013