Tag Archives: EUR

EUR/USD closed in NY Friday at $1.3215, off session highs of $1.3229, with rate marked down to $1.3180 into the Asia open as traders reacted to weekend events, namely the French election (first round won by Socialist Hollande) and the Dutch PM looking to salvage his austerity budget amid political chaos and seen putting the […]

Euro was holding a firm tone at the start of the US session, bolstered by upbeat eurozone data and by a squeeze on shorts ahead of the weekend. Pair had stalled just atop $1.3200 but reversal consolidated above $1.3180 as dip buyers emerged and fresh demand into the ECB fixing allowed a quick pop to […]

Euro closed in NY at $1.3138 having recovered off lows at $1.3069 to $1.3152. Rate meandered its way up to overnight session highs of $1.31579 in early Asia, driven mainly by cross flow. As this demand faded so rate drifted down to the lows of $1.31289.

Euro had lurched under $1.3100 as rumor of a French ratings downgrade provided fuel to flush stop-loss sell orders under $1.3100 but slide was arrested by option-related demand that emerged around $1.3070 and as market dismissed the rumor, euro recovering easily to $1.3100 on short-covering.

EUR/USD closed in NY at $1.3123 after settling following a NY afternoon recovery to $1.31376. Trade through the overnight session was contained within a tight $1.3110/32 range, favouring the bottom end into early European dealing. Rate came under pressure into early Europe, as market probed for stops below the Asian base, taking the rate to […]

EUR/USD was defensive as EUR/GBP wilted in the wake of cable strength related to MPC 8-1 vote on further QE and lows were minted as the US session got underway. A modest bounce saw lift to $1.3100 around the ECB fixing before euro returned to the defensive and fresh lows were minted at $1.3058 on […]

EUR/USD closed Tuesday’s NY session at $1.3122 settling around this area following a pullback from an earlier European high of $1.3173 to $1.3103 in NY. Rate picked up demand into the Asian session, the move to $1.31419 driven by Japanese demand for EUR/JPY through Tokyo fixing.

Euro had recovered off a European hours push under $1.3000 that erased an option barrier strike while failing to build much downside momentum. Euro dithered above $1.3015 in early US dealing but with upbeat retail sales data bolstering risk, euro enjoyed modest lift to $1.3055 before stalling and steadying atop $1.3040, though amid light flows.