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EUR/USD continues to edge higher as dollar slips
The EUR/USD has been grinding steadily higher so far today and the slightly disappointing Philadelphia Fed index data (notwithstanding a higher prices paid component) has helped to lift the EUR/USD to session highs above 1.0450. To be honest with you, it was probably the further relapse in the USD/JPY which mattered more in that respect. The EUR/USD has just touched 1.0455, but it remains to be seen, if there is enough gas in the tank to see it get closer to the 1.05 handle again. As things stand right now it will probably require a deeper fall in the USD/JPY, beyond that seen already to facilitate the Euro reclaiming 1.05. The EUR/USD is right now at 1.0452
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As expected the SNB cuts rates by 0.25%- EUR/CHF lifts on the news
The eagerly awaited outcome of the Swiss National Bank policy decision is now known. As expected the SNB have lowered their 0.50% OCR, taking it down... -
What will the Old Lady do and say later today?
The European stock markets have just reopened for live trading and it has been a rather inconclusive start to the day. There will be more to add on... -
DAX priced to open slightly lower shortly
Following on from the previous update, looking at the EUR/USD and the DAX, the German benchmark futures are in the red ahead of the opening shortly...
