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10 Nov 2014
Greenback back in charge - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the Euro recovery against the greenback stalled at 1.2509 this Monday, with the greenback regaining the upside across the board as US indexes run to fresh all time highs.
Key Quotes:
“There was no significant fundamental data released but some minor readings in Europe early on the session, Italian industrial production and EZ Sentix Investor Confidence, with the first showing a strong setback and a second a slight improvement”.
“The EUR/USD however, hardly reacted to any: dollar slide early on the day was general across the board, part correction, part profit taking”.
“Nevertheless, US opening brought some steady dollar advance, with the currency closing the day up against most of its rivals, but within tight ranges”.
Key Quotes:
“There was no significant fundamental data released but some minor readings in Europe early on the session, Italian industrial production and EZ Sentix Investor Confidence, with the first showing a strong setback and a second a slight improvement”.
“The EUR/USD however, hardly reacted to any: dollar slide early on the day was general across the board, part correction, part profit taking”.
“Nevertheless, US opening brought some steady dollar advance, with the currency closing the day up against most of its rivals, but within tight ranges”.