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EUR/USD2014-10-01 09:49 UTC

EUR-USD recovered after dipping to 1.2585, leaving yesterday's two-year low at 1.2571 untroubled. Reportedly big option expiries today and later this week with strikes in the 1.2590-1.2600 area may be exerting some gravitation bias on spot. The earlier dip came after disappointing Eurozone PMI data, which was revised down to 50.3 in the final September release from the 50.5 reported in the flash estimate, and declining from 50.7 in August. ... Read More 

XE Market Analysis

  • North American Edition2014-10-01 09:49 UTC

    The dollar rebounded from Asian session weakness amid a post-Eurozone inflation data rout in EUR-USD, while the month-end batch of Japanese data was also conducive of USD-JPY gains. The euro took a hit on news that Eurozone HICP ebbed back to 0.3% y/y from 0.4% in the flash September estimate despite the uptick in the Spanish headline rate and unchanged German numbers of yesterday. Eurozone core inflation also dipped to 0.7% y/y from 0.9% y/y. EUR-USD ... Read More 

  • European Edition2014-10-01 06:39 UTC

    The USD posted fresh highs against the JPY, AUD and NZD, but was otherwise mostly steady against the euro and other main currencies. USD-JPY vaulted to a new six-year peak of 110.09, taking out the reportedly major option barrier level at 110.00 without much problem, before settling back to the mid-109s. Japanese exporter selling and profit taking by interbank and short-term speculative accounts helped put a cap in the pair, while Japanese government ... Read More 

  • Asian Edition2014-09-30 18:52 UTC

    The dollar was fairly stable against the major European currencies in N.Y. on Tuesday, though posted gains versus the yen and the CAD. EUR-USD recovered over 1.2630 after posting trend lows of 1.2572 in London, as USD-JPY steadied over 109.50, rallying to 109.76 highs. USD-CAD traded over 1.12, a six-month high on the back of softer Canadian GDP data. Incoming U.S. data missed the mark with Chicago ISM and consumer confidence both short of expectations. ... Read More 

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