Market Overview

EUR/USD Little Higher

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EUR/USD is trading little higher early Tuesday morning extending gains from Monday, trading at 1.0942, up 0.0061. Trading has been choppy. Chatter about U.S. economic data and the Federal Reserve meeting this week is constant and now fluid and has led to some buying. Weakness in Europe equities has caused some unwinding of trades and led to some buying.

Chatter about Greece is also ongoing. Greek Prime Minister Alexis Tsipras changed members of the team handling talks with European and IMF lenders to speed up a conclusion of the talks. German preliminary CPI data is due out on Wednesday at 3:00 a.m. ET. On Thursday Eurozone Flash April CPI data and the Eurozone March unemployment rate data is due out.

Posted-In: euroFutures Forex Markets

 

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