EUR Maintains Range as Labor Report Disappoints
Posted 01-08-2010 at 09:44 AM by DailyFX
Tags currencies, eur, forex, trading, usd
The Euro tipped higher from the previous day and maintained the narrow range carried over from the end of the December, and the exchange rate may continue to trend sideways ahead of the European Central Bank interest rate decision next Thursday as investors weigh the outlook for future policy.
Talking Points
• Japanese Yen: Modestly Higher Against Most Currencies
• Pound: U.K. Producer Prices Surge Higher in December
• Euro: Unemployment Rate Tops Forecast. Jumps to 10.0%
• US Dollar: Non-Farm Payrolls, Consumer Credit on Tap
Read more: DailyFX - Euro Maintains Range as Labor Report Disappoints, British Pound Remains Bid Ahead of U.S. Non-Farm Payrolls http://www.dailyfx.com/forex/fundame...#ixzz0c23QY9TR
Talking Points
• Japanese Yen: Modestly Higher Against Most Currencies
• Pound: U.K. Producer Prices Surge Higher in December
• Euro: Unemployment Rate Tops Forecast. Jumps to 10.0%
• US Dollar: Non-Farm Payrolls, Consumer Credit on Tap
Read more: DailyFX - Euro Maintains Range as Labor Report Disappoints, British Pound Remains Bid Ahead of U.S. Non-Farm Payrolls http://www.dailyfx.com/forex/fundame...#ixzz0c23QY9TR
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