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Forex: EUR/USD gets late Noram boost on Egan Jones downgrade

By FXstreet.com,  September 14, 2012, 03:43:00 PM EDT

FXstreet.com (San Francisco) - The EUR/USD is getting a little seesaw action around the 1.3115 mark late in North America after Egan Jones downgraded the United States' credit rating from AA to AA-, citing the purchasing power impact of QE3. At the time of writing, the pair is inching higher as stops are triggered above 1.3118 through 1.3122. Elsewhere in the FX market place, USD/CAD has climbed to fresh intraday highs, having risen as high as 0.9717 vs. 0.9680 late Thursday.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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