Market Overview

EUR/USD Extends Losses IMF Revises Growth

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EUR/USD is trading at 1.1008, down 0.0060.

The pair is trading near the session lows as overseas traders wind down trading for the day.

Market chatter about money flows, headline news and the ECB monetary policy meeting on Thursday is ongoing.

The International Monetary Fund (IMF) revised up 2016 Euro Area growth by 0.1 percent to 1.6 percent and moved down 2017 growth by 0.2 percent to 1.4 percent.

Trading is choppy and chatter about buyers near 1.0970 and sellers near 1.1047 is showing up.

In other Forex Markets;
AUD/USD is trading at 0.7487, down 0.0088.
GBP/USD is trading at 1.3137, down 0.0123.
USD/JPY is trading at 106.43,up 0.26.
USD/CAD is trading at 1.3029, up 0.0071.
USD/CNY is trading at 6.6954, down 0.0063.

Posted-In: EUR/USD euroFutures Forex Markets

 

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