FXstreet.com (Barcelona) - The April ISM New York Index rose from 51.2 to 58.3, accelerating its expansionary pace but still lower than February’s pace of 58.8.
May 2, 2013
Forex: EUR/CHF falls to 1.2200 on ECB’s press conference
ECB Draghi’s comments at the press conference took back all gains the EUR made in reaction to the 25bp rate cut to 0.50%. The marginal lending facility rate was cut by 50bp to 1.00%. The EUR/CHF rose from 1.2220 area to 1.2259 high only to retrace those gains and even test the psychological level at 1.2200 that held the cross against further downside.