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Currency Trading: Eur/Usd

Posted by Joseph Trevisani on Apr 10, 2013 12:08:00 PM


With US Treasury yields rising faster than German Bund yields, it is no surprise to see the euro edging lower, with the pair testing lows near 1.3055 before recovering to current levels near 1.3057.

There are bids at 1.3050 and stops to be triggered below in the 1.3040-50 zone. The earlier release of the FOMC minutes, deemed somewhat hawkish, with its recurrent mention of QE risks, rekindled expectations not so much about US outperformance, but rather the notion that the Fed may be tapering off QE purchases later in the year while the ECB holds steady and or is forced to ease.

 

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