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Forex: EUR/USD holds support at 1.3200

By FXstreet.com,  December 27, 2012, 01:44:00 PM EDT

FXstreet.com (Córdoba) - The euro weakened versus the dollar during the New York session and surrendered its daily gains as risk aversion hit the markets after disappointing US data, and comments from US Senate majority leader Harry Reid.

Weighed by falling US stocks, EUR/USD retreated from a high of 1.3282 and slid toward the 1.3200 level before finding support and bouncing slightly. At time of writing, EUR/USD is quoting at the 1.3220 area, where it is virtually unchanged since opening, in a choppy session amid illiquid markets.




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

Referenced Stocks:



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