Forex crosses spared by lack of data releases
The European currencies held on their previous cross in the absence of any major market-moving event.
The dollar continues to trade steady as the market remained devoid of any major economic data release.
The Euro remained confined to a day of range bound trading around the 1.2760 levels, coming off an intraday high if 1.2799.
Sterling too was unamused by the lack of show of data, trading around the 1.8535 levels, after testing the 1.8515 support.
The Japanese currency came under pressure amid decreased market expectations, paring the currency lower across the board. Now that the Yen had breached past the 105.50 mark against the dollar, it settled to trade around 105.75 levels, only after testing the 106 levels.
The dollar lost out against the candy, as the pair broke through the 9-month trend line, to trade at 1.2480 levels.
Looking ahead the markets are expected to focus on Germanys Current account balance and the jobless number as well as the December trade figures from the US.
The dollar continues to trade steady as the market remained devoid of any major economic data release.
The Euro remained confined to a day of range bound trading around the 1.2760 levels, coming off an intraday high if 1.2799.
Sterling too was unamused by the lack of show of data, trading around the 1.8535 levels, after testing the 1.8515 support.
The Japanese currency came under pressure amid decreased market expectations, paring the currency lower across the board. Now that the Yen had breached past the 105.50 mark against the dollar, it settled to trade around 105.75 levels, only after testing the 106 levels.
The dollar lost out against the candy, as the pair broke through the 9-month trend line, to trade at 1.2480 levels.
Looking ahead the markets are expected to focus on Germanys Current account balance and the jobless number as well as the December trade figures from the US.
posted by Drs Search @ 10:32 AM
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