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Euro Tips Higher as Economic Outlook Improves, GBP Holds within Previous Day's Range

Posted 02-02-2010 at 09:26 AM by DailyFX

The Euro advanced for the second day to reach a high of 1.3957 during the overnight trade, and the single-currency many continue to retrace the sharp decline from the previous week as the economic docket reinforces an enhanced outlook for future growth.

Talking Points
• Japanese Yen: USDJPY Continues to Hold Below 20-Day SMA (90.98)
• Pound: Construction Weakens at Slowest Pace in Nearly Two-Years
• Euro: Producer Prices Unexpectedly Increase in December...
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