FXstreet.com (San Francisco) - The EUR/USD is getting a little seesaw action around the 1.3115 mark late in North America after Egan Jones downgraded the United States’ credit rating from AA to AA-, citing the purchasing power impact of QE3. At the time of writing, the pair is inching higher as stops are triggered above 1.3118 through 1.3122. Elsewhere in the FX market place, USD/CAD has climbed to fresh intraday highs, having risen as high as 0.9717 vs. 0.9680 late Thursday.
Forex: EUR/USD gets late Noram boost on Egan Jones downgrade
Fri, Sep 14 2012, 19:43 GMT | FXstreet.com
EUR/USD Jun 19 at 19:56 GMT
1.3273/74 (-0.89%)
H1.3418 L 1.3262
Advertisement
© 2013 “FXstreet.com. The Fore Market” All Rights Reserved. Every effort is made to provide accurate and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of FXstreet.com content is expressly prohibited without the prior written consent of FXstreet.com.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
