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Session Recap: ECB's intrigues fuel EUR/USD up to 1.2575

FXStreet (San Francisco) - The EUR/USD was quietly trading around 1.2500 at the beginning of the American session, however Reuters news stating that it is expected that central bankers of the euro zone will challenge Draghi on his leadership style rocked the euro and pushed the pair to daily highs at 1.2575.

The notion is that QE may face some problems as it can pose a threat to the possibility of not getting the monetary policy measures that are expected from the ECB.

Thus, EUR/USD jumped 70 pips from 1.2505 to break above previous highs and reach a fresh daily maximum at 1.2575. The EUR/USD is closing its first positive day after four negative sessions at 1.2550.

GBP/USD extended Monday's bounce at 1.5925 as the pair is closing just at 1.6000. The USD/JPY declined for first time after five positive session as the unit topped at 114.20 before closind down at 113.60.

Main headlines in the American session

US: Trade deficit (Sep) widened to $43.03 billion

United States ISM New York index: 54.8 (October) vs previous 63.7

September 2014 US factory orders -0.6% vs -0.6% exp m/m

EUR/USD jumps to 1.2575 amid Draghi's challenge

Wall Street closes mixed amid US elections

NZD/USD surges on the domestic jobs data

NZD/USD is trading at 0.7822, up 0.61% on the day, having posted a daily high at 0.7831 and low at 0.7760.
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