FXstreet.com (Barcelona) - U.S. Dollar Trading (USD) accelerated the weakness seen yesterday as rays of hope emerged and global stock markets remained buoyant. During the Asian session there was a slight reprieve for the dollar as news emerged that China's Exports in February dropped -25% vs. a milder -5% forecast.
The Euro (EUR) broke 1.28 and closed above the key level in a very bullish day for the single currency. Easy Forex Team said: Euro strength was in spite of some very weak data with German January Industrial Orders falling -8% vs. -2.2% forecast.
Overall the EUR/USD traded with a low of 1.2618 and a high of 1.2863 before closing the day at 1.2840.