OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD bulls holding off the pressure - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the dollar demand resurged once again, with the American currency up since early Asian session.

Key Quotes:

“Weaker than expected data across Europe gave the currency a boost over the US session, while over this last, local share markets made a pause on its steady decline and trade slightly positive for most of the day, on the back of some positive earnings reports from banks”.

“But around the close, stocks fell down to their opening, generating another round of dollar and yen demand”.

“The EUR/USD however, is among the most reluctant to move, despite ZEW confidence survey show confidence in Germany and the EZ is at its lowest in over 2 years”.

AUD/USD risks remain to the downside

AUD/USD is trading at 0.8719, up 0.06% on the day, having posted a daily high at 0.8723 and low at 0.8709.
Read more Previous

Key events on Wednesday - Westpac

Sean Callow, FX Strategist at Westpac, reviews the day ahead, paying special attention to ECB's Draghi speech, UK jobs as well as US retail sales.
Read more Next
Start livechat