It has been a experience in euro buying and selling to date within the session. Some heavy promoting hit early in New York — maybe on that higher ADP report? __ and now it is quickly unwound. That is left the euro again the place it began.
There may be some divergence within the FX market because the commodity currencies all hit session highs and cable struggles close to the lows on fiscal considerations. Cable is close to the bottom since August 1. In the meantime, AUD is on the highest since October 9 on expectations for a US-China commerce deal.
This text was written by Adam Button at investinglive.com.
Source link
