Start your Binary Trading income NOW!!!

Sponsored by Nuffnang.com

Wednesday, April 11, 2007

EUR/USD: Fixing Demand Helps Push Prices to Fresh Intraday High

EUR/USD pushed through the 1.3435 area in the wake of the 15:00 GMT fixing, boosted by solid demand for carry trades after the IMF's comments on benign conditions for carry trades.

Follow-through has been limited once again, only to 1.3440 before easing again. Dealers see prices holding steady through the FOMC minutes at a minimum and perhaps all the way through to the ECB press conference tomorrow. EUR/USD trades at 1.3434.

No comments: