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Forex: EUR/USD steady around 1.3220 ahead of EU summit

By FXstreet.com,  December 16, 2010, 12:55:00 AM EDT

FXstreet.com (Córdoba) - EUR/USD has moved sideways during the Asian session, correcting slightly to the upside at the beginning of the day and reaching a high of 1.3235; however, the interest buying in the hegemonic currency is nonexistent ahead of the EU summit that is starting today.

The main topics for consideration of the 2-day Eurozone summit are the crisis mechanism, a possible capital hike for the ECB and fiscal surveillance.

EUR/USD is sitting at the 1.3220 zone, almost unchanged since the NY close, awaiting European investors.

GBP/USD has swung between 1.5537/1.5564 this Thursday in Asia, and currently is settling at mid-range around 1.5555, just 10 pips above its previous close.




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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