Forex Notes

London FX: News From The Eurozone And China Pressured The Euro / Dollar

Today in Europe the euro struggled to retain its last position, from the very beginning of the auctions have been under the influence of a new round of sales of euro / sterling, but irresistibly slid to support $ 1.3610/00.

Additional factors of pressure on the single currency was weak economic indicators from the euro zone and the news of tightening by the Bank of China to the normal requirements of bank savings.
As a result, the currency has broken the $ 1.3600 level, the barriers at $ 1.3575 and $ 1.3550, and weakened to $ 1.3535.

Before the opening of the New York couple has remained under pressure, although not in such dangerous proximity of the barrier option at $ 1.3500, as before.

China's announcement sparked rollback and the dollar / Jena on the background of a general release of players from long positions at the cross with the yen. Couple weakened to a minimum Y89.60, but soon recovered to the area of Y90.