The euro traded up to a fresh three-week high against the dollar Monday based on comparably attractive yields despite continuing tumult in the Middle East.
Euro-zone debt stresses remain unresolved, but the common currency has nonetheless plowed ahead of late on expectations that inflation will likely trigger rate hikes in the
On Wednesday Dollar/Yen traded again within a narrow 50 pip range, not exactly matching the negative Interbank sentiment at bellow -35%. The currency couple depreciated from 83.97 to 83.48 yesterday, closing the day at 83.62. Today the Dollar is moving quietly and within yesterday’s range for now. On the 1
EUR/GBP Longer term trading still bearish now that the main bearish trendline has held a weekly close below 0.89 area. Intraday: quotes below 0.84 figure due to the technical breakout. Selling on strenght towards todays central pivot and R1 is our preferred strategy.
