Sunday, January 13, 2013

Forex: EUR/USD prints fresh 10-month high at 1.3404

FXstreet.com (Barcelona) - It was 02:20 GMT when Chicago FED Evans started a conference board in Hong-Kong, with Tokyo markets closed over holidays, and EUR/USD broke above previous session and past Friday's highs around the 1.3366. It pulled back a bit after it, and shot to fresh 10-month highs at 1.3404, last at 1.3391, taking some breath.

With FED Chairman Bernanke due to speak at the University of Michigan right at the NY close time at 21:00 GMT later in the day, focusing all market's attention, Fed Evans words pushed USD to the downside across the board, except against Yen, that printed a new 30-month high in early trade at 89.67 USD/JPY.Continue Reading...

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