Skip to main content

EUR/USD sets a daily close below 1.0800

Late yesterday evening the EUR/USD finally cracked the 1.0800 handle, but not before a good deal of buying was seen at the level. The dip below that price point saw a low 1.0793 printed and the Euro later closed the US session at 1.0799. The range seen so far today has been covered by 1.0791 to 1.0807. The further fall in the EUR/USD is all about upside dollar pressure as a result of a further push higher in US yields and the rise above 152 in the USD/JPY has continued to force the EUR/USD lower, despite corresponding gains in the EUR/JPY so far today. The EUR/USD has now traded to the lowest level since August 2, when it based out back then at 1.0782. It is currently trading at 1.0806 
 

Ready to Get Started?

Start here. Join over 3M Libertex users around the world!