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EUR/USD2014-10-24 17:56 UTC

EUR-USD was on the rise through the morning, making intra day highs of 1.2684. Pre-weekend short covering was suspected following the pairing's fall from 1.2840 highs on Tuesday, though with standing offers in place from 1.2690, upside may be limited.The dollar headed to N.Y. session lows after the sharp downward new home sales revision, sending EUR-USD to intra day highs of 1.2695 . The paring later drifted into 1.2665.. Read More 

XE Market Analysis

  • North American Edition2014-10-24 11:08 UTC

    Reports of a first Ebola case in New York city spooked equity markets and underpinned core sovereign bond prices but had limited evident impact in currency markets. EUR-USD was trading at near net unchanged levels on the day, at 1.2648 bid in early PM trade in Europe. The euro had failed to sustain an early-session run to 1.2665 following German consumer confidence data, which made it two days in a row that the Eurozone has seen upside data surprises. ... Read More 

  • European Edition2014-10-24 07:29 UTC

    EUR-USD has lifted on German confidence data, which provided an unexpected upside surprise out of the Eurozone for a second day in a row following yesterday's jump in PMI data. Rare good news for the euro, which has breached the Asia high at 1.2661 against the dollar after opening in London at 1.2654. Resistance is marked at 1.2690 (20-day moving average) and 1.2739 (Wednesday's peak). The euro has also perked up against sterling and the yen. Elsewhere, ... Read More 

  • Asian Edition2014-10-24 17:56 UTC

    FX trade was relatively quiet in N.Y. on Friday, with the dollar losing ground to the European majors, while posting modest gains against the yen and the CAD. The only data point was new home sales, which were revised down in August, and barely improved in September from there. Despite the Ebola scare in NYC, Wall Street managed modest gains, while Treasury yields were fairly steady through the session. EUR-USD ranged between 1.2545-95, ending about ... Read More 

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