OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/USD finds support above 1.2700

FXStreet (Córdoba) - EUR/USD fell sharply below 1.2800 and found support slightly above 1.2700. The pair rebounded and rose to 1.2765, trimming losses.

Ahead of the release of economic data from the US (jobless claims and industrial production) is trading around 1.2750/55, down 0.65% for the day and almost a hundred pips from where it was trading yesterday before the US retail sales report.

The euro is so far the worst among European currencies on Thursday; pulling back against the pound and trading at 2-week lows versus the Swiss franc. Stocks in Europe are falling more than 1% for the second day in a row.

EUR/CHF testing lows near 1.2060

EUR/CHF is extending the selling mood on Thursday, putting to the test the support area around the mid-1.2000s so far...
Read more Previous

Fed's Plosser: Rate hike may come sooner than expected

Speaking at an event in Allentown, Pennsylvania on Thursday, Philadelphia Fed president Charles Plosser suggested that in the light of the current economic developments in the US the FOMC could decide to raise rates sooner and more gradually than previously anticipated, but preparing the markets for the move in advance.
Read more Next
Start livechat