Tuesday, July 13, 2010

Currency trading Market updates

Breaking lower from an early intraday high around 1.2615, the EUR/USD has once again returned below the critical level of 1.2600 as the market begins to contemplate Alcoa’s positive start to the second quarter earnings season which is helping USD.
The recovery of the Greenback against the Japanese Yen was capped by the 88.85 zone. After setting an intra session high at that level, the pair turned to the downside following the Nikkei trading 0.45% down surrendering early gains.
USD/JPY has given away around 35 pips from session's high and is currently trading at 88.50, 0.12% below its opening price.

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