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Euro dips vs. dollar before ECB meeting
November 2, 2016
9:28 am
Forum Posts: 58
Member Since:
April 15, 2016

That's great post for showing the difference between the EURO vs Dollars.

January 10, 2013
7:37 am
Forum Posts: 13
Member Since:
December 30, 2012

Market Review:

The euro dipped against the U.S. dollar on Thursday as investors remained cautious ahead of a European Central Bank policy meeting later in the day, while robust trade data form China lent some support to the single currency.

EUR/USD hit 1.3039 during late Asian trade, the session low; the pair subsequently consolidated at 1.3062, dipping 0.03%.

The pair was likely to find support at 1.2996, the low of January 4 and resistance at 1.3118, the high of January 7.

The ECB was widely expected to hold off cutting rates following its policy-setting meeting, but some market participants expected President Mario Draghi to flag the possibility of rate cuts later in the year.

The euro found some support after official data showed that China’s trade surplus widened unexpectedly in December, adding to signs of recovery in the world’s second largest economy.

Chinese exports rose 14.1% in December from a year earlier while imports increased by 6%.

The euro was almost unchanged against the pound, with EUR/GBP dipping 0.01% to 0.8154 and pushed higher against the yen, with EUR/JPY rising 0.30% to 115.16.

Later Thursday both Spain and Italy were to hold auctions of governments bonds, while the U.S. was to release the weekly government report on initial jobless claims.

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