Forex: EUR/USD consolidates at 9-month highs (Córdoba) - After a short-lived pullback, the EUR/USD is back headed north and approaching its 9-month high of 1.3365 scored earlier in the wake of disappointing US trade data. EUR/USD was rejected from 1.3365 but with the subsequent setback being contained by 1.3320, the pair managed to resume the upside and it is currently trading at the 1.3360 zone, where it records a 0.7% daily gain.

The shared currency was already buoyed as ECB President Draghi refrained from hinting at future rate cuts. The cross has gained more than 330 pips within the last 2 days, and is on track to close the week with a 2.1% gain.