Tuesday, July 1, 2014

Euro/Dollar Bounces From 6 Week Top As ECB Looms

On Tuesday Euro/Dollar traded within narrow 25 pip range. The European currency depreciated from 1.3701 to 1.3675 yesterday, not matching the positive money flow sentiment at around +7%, closing the day at 1.3677. This morning the Euro is trading quietly, with movements at the upper end of yesterday's range for now.



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