The EUR/USD dropped further during the American session and reached at 1.3420, a fresh 8-month low after breaking below 1.3430. Price remains under pressure near the lows.
Down at 13438 having been as low as 1.3433. Wonder if the Ukrainian news unsettled the single currency?, possibly. Talk of buy orders clustered 1.3400/20 protecting 1.3400 barrier option interest.
The mighty dollar aims to exit this highly charged geopolitical week on the front foot, and this despite the 'many' in forex who remain sitting on the sidelines ahead of a slew of data next week.
Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, observes the buy sentiment around the USD. "The US dollar has remained firmer in the Asian trading session with the dollar index rising towards the 81.00-level...
Median forecast +0.5%, so stronger than expected. Ex-transportation +0.8%, stronger than median forecast of +0.6%.
Gonçalo Moreira -June inflation report didn’t trigger speculations in favor of additional monetary stimulus.
USDJPY, stage is set for another decline by Aleksandar Vichev
USD/JPY Short-term View by Jack Crooksbr> br>
Polish Zloty (EUR/PLN) – boring PLN market Currency markets calmed down and we are back to low volatility times.
GOLD Gold returned to weakness after yesterday’s brief consolidation which was capped at 1300 zone. Extension...
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