FXstreet.com (Córdoba) - Despite the fall seen during the second
half of the week, the euro is set to close the week in positive
territory for third time in a row.
EUR/USD came under pressure amid the lack of progress in US fiscal
cliff negotiations and printed a 1-week low of 1.3164 at the
beginning of the NY session. However, on a wider view, the pair had
a choppy week, seesawing between 1.3164 and 1.3282, but unable to
define a strong directional move.
At time of writing, EUR/USD is quoting at the 1.3215/20 area, down
0.1% on the day, but up 0.3% this week. For the week ahead, trading
is expected to remain choppy as investors continue to focus on the
US budget talk, while thin conditions may persist.