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
• US Dollar: Pending Home Sales, API Inventories on Tap
Read more: DailyFX - Euro Tips Higher as Economic Outlook Improves, British Pound Holds within Previous Day’s Range http://www.dailyfx.com/forex/fundame..._Economic.html
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
• US Dollar: Pending Home Sales, API Inventories on Tap
Read more: DailyFX - Euro Tips Higher as Economic Outlook Improves, British Pound Holds within Previous Day’s Range http://www.dailyfx.com/forex/fundame..._Economic.html
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