Mon, Jun 29 2009, 09:10 GMT
http://www.fxstreet.com
FXstreet.com (Barcelona) - EUR/USD has jumped above 1.4000 level on better than expected EU June consumer confidence data, after trading in a small range between 1.3990 and 1.4000 in the previous minutes.
Currently the pair is trading around 1.4010/20, 0.40% below today's opening price.
According to Anna Coulling, analyst at Master and Markets, comments that Dollar is higher on PBOC comments: "The US dollar rose against the Japanese yen and euro in Asia Monday, after comments from China Sunday suggested that the country would not change its policy of keeping the dollar as its key foreign reserve currency for now. The markets took the remarks as a sign that the dollar will continue to keep its role as a major reserve currency, prompting short term investors and hedge funds to buy the U.S. dollar, as a sign of renewed confidence."
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment