EUR/USD Extends Losses

EUR/USD is trading at 1.0975, down 0.0056. The pair has extended the session losses and is trading at the lows of the day as overseas forex traders wind down trading for the week. Market talk about the global headline news and money flows is ongoing. Market chatter about possible comments from policy makers at the Group of 20 (G-20) finance ministers meeting in China this weekend is making the rounds. The IFO Institute's German Business climate surveys are scheduled for release Monday at 4:00 a.m. ET. In other Forex Markets; GBP/USD is trading at 1.3082, down 0.0153. USD/JPY is trading at 106.19, up 0.40. USD/CAD is trading at 1.3185, up 0.0111. AUD/USD is trading at 0.7449, down 0.0055.