FXstreet.com (Córdoba) - The rally of the Dollar across the board eased in the last hours. EUR/USD rose back above 1.4600 after falling to 1.4585 (intra-day low). Euro's recovery found resistance at 1.4625. Currently the pair trades at 1.4617/20, 0.75% below today's opening price.
EUR/USD has fallen in five out of the last six trading sessions and is heading toward the second weekly decline in a row, something not seen since June.
James Hyerczyk, analyst at ForexHound.com, comments: Market participants want to see stability in the labor market and an increase in consumer spending. The bullish response to the retail and consumer confidence numbers is as sign that speculators believe the Fed has enough evidence to hike interest rates sooner than expected.