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Trading news
11 Apr 2013
Forex: EUR/USD slips below 1.3100
FXstreet.com (Córdoba) - After being rejected by the 1.3140 area, and with the greenback trimming losses across the board, EUR/USD finally surrendered and gave up ground, sliding back below the 1.3100 mark at the beginning of the New York session.
EUR/USD slid to a session low of 1.3088 but clings to gains for the day at the 1.3090 zone, where it is still up 0.2% since opening.
The US dollar reversed early weakness, encouraged by better-than-expected US initial jobless claims which fell to 346K in the latest week. Positive labor data adds to prospects the Fed could consider abandoning its ultra-loose policy after FOMC minutes showed members have been discussing the appropiate timing for such move.
EUR/USD slid to a session low of 1.3088 but clings to gains for the day at the 1.3090 zone, where it is still up 0.2% since opening.
The US dollar reversed early weakness, encouraged by better-than-expected US initial jobless claims which fell to 346K in the latest week. Positive labor data adds to prospects the Fed could consider abandoning its ultra-loose policy after FOMC minutes showed members have been discussing the appropiate timing for such move.