FXstreet.com (San Francisco) - EUR/USD is back operating around the 1.2960 price zone after peaking at 1.2990 in earlier trade. Price has been largely in consolidation mode for the past few weeks between 1.28 and 1.32.
“We expect EUR to trend lower into year-end and 2013; however in the near-term it appears content within its recent 1.28 to 1.32 range,” says Camilla Sutton, CFA, CMT, Chief Currency Strategist at Scotiabank.
U.S. stocks have dipped into negative territory, with Dow industrials now quoted down 20.25 points to 13,306.14, the S&P 500 down 5.82 points at 1,427.02, and the Nasdaq down 7.20 points at 3,042.22.
With equities down, bond prices have hit fresh session highs - set for a fourth straight day of gains.
“We expect EUR to trend lower into year-end and 2013; however in the near-term it appears content within its recent 1.28 to 1.32 range,” says Camilla Sutton, CFA, CMT, Chief Currency Strategist at Scotiabank.
U.S. stocks have dipped into negative territory, with Dow industrials now quoted down 20.25 points to 13,306.14, the S&P 500 down 5.82 points at 1,427.02, and the Nasdaq down 7.20 points at 3,042.22.
With equities down, bond prices have hit fresh session highs - set for a fourth straight day of gains.
