FXstreet.com (Barcelona) - U.S. Dollar Trading (USD) experienced another wave of weakness against most of the majors as Wall St rallied for the 3rd day. The exception to USD strength was the Swiss Franc which fell heavily after the SNB cut rates and stated their intention to start Quantitative Easing.
The Euro (EUR) broke higher following stocks to breach 1.2900. Earlier in Europe some weakness was seen as China released some further poor news. Underpinning the move higher was the large move in Oil up over 9%.
Easy Forex Team said: Overall the EUR/USD traded with a low of 1.2734 and a high of 1.2944 before closing the day at 1.2910.