Euro remains quietly steady.
August 7, 2012 Leave a comment
Euro/USD: The Euro remained quietly steady today and after early dips were well supported in the 1.2376 area values edged higher through to the early part of the afternoon session with peaks being established at 1.2443. The balance of day saw these gains being consolidated with the European day finally closing around 1.2420.
GBP/USD: A much better performance from the GBP today and after early weakness was cushioned in and around the 1.5564 area prices accelerated significantly higher through to just after lunch. Peaks for the session were established in the 1.5685 region before profit taking trimmed gains to finally close at 1.5641.
Euro/JPY: After two early morning failures to break support around 9782 the Euro attracted fresh buying interest and the subsequent rally uncovered little resistance with values accelerating to a high of 9781 towards the close of this European day.
GBP/Euro: The GBP stabilised today following recent falls and with support re-emerging around the 1.2562 area values improved for the balance of the morning session to make peaks in the 1.2622 zone. Profit taking then trimmed these gains to finally close the European day in and around the 1.2599 region.