FXstreet.com (Barcelona) - The Euro is falling today's session after yesterday's 1.68% increases against USD. Since the beginning of the day, EUR/USD has fallen 0.70% from the opening price at 1.3374 to the currently 1.3275.
EUR/USD is trading around the 1.3270/80 at the early european session after it falling around 90 pips from the 1.3377, highest at the early Asian session, to 1.3266, lowest at the European morning.
Yesterday, EUR/USD rose 1.68% from the 1.3153 opening price, reaching 1.3126 as minimum and 1.3392 as maximum, to close the day at 1.3375.
According to Raivis Zile, Analyst at Dukascopy Swiss FX Group, EUR is slightly lower against the USD and JPY, on risk aversion and conflicting opinion in global recovery process: The euro is slightly lower against the dollar and yen, reflecting the conflicting opinions about how much risk is prudent at this stage in global recovery process ... Currency players will now watch for a series of first quarter earnings results from other U.S. financial firms including JPMorgan Chase due out on Thursday and Citigroup on Friday.
Zile concluded: Asian traders noted demand from around USD1.3315 from regional names, adding that stronger demand interest noted from around USD1.3295. Rate recovered to USD1.3365 ahead of the European open, easing back to current level around USD1.3322. Offers remain in place at USD1.3365, more from above USD1.3380, strengthening toward USD1.3395/00 with talk of stops placed through USD1.3410/15
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