Forex - EUR/USD at 2-month low, focus on U.S. election 6-11
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Forexpros - The euro was trading close to a two-month low against the U.S. dollar on Tuesday, as investors remained cautious ahead of the U.S. presidential election and a Greek parliamentary vote on an austerity bill needed to secure the next tranche of aid.
EUR/USD hit 1.2775 during late Asian trade, the session low; the pair subsequently consolidated at 1.2774, slipping 0.16%.
The pair was likely to find near-term support at 1.2753, the low of September 11 and resistance at 1.2841, Monday’s high.
Market participants stayed on the sidelines ahead of the start of voting in the U.S. presidential elections, with opinion polls pointing to a tight race between incumbent President Barack Obama and Republican contender Mitt Romney.
The euro remained under pressure as markets eyed Wednesday’s parliamentary vote in Greece on new austerity measures required for Athens to get its next round of international aid.
On Monday, European Union Commissioner for Economic and Monetary Affairs Olli Rehn said the euro zone was on track to make a decision on unlocking Greece’s next installment of financial aid at a meeting of the bloc’s finance ministers next week.
The euro was lower against the pound and the yen, with EUR/GBP down 0.20% to 0.7991 and EUR/JPY falling 0.46% to 102.26.
Later in the day, Germany was to produce official data on factory orders, while Spain and Italy were to release official data on service sector activity.
Hello and welcome in a blog breaking news Alfrux
Breaking news Forex currency market, forex market GMT. Forex traders
Urgent and exclusive news about the trade and the latest news currency and
currency rates, explanations profit of Alfrux, SEC
Breaking forex news
Forexpros - The euro was trading close to a two-month low against the U.S. dollar on Tuesday, as investors remained cautious ahead of the U.S. presidential election and a Greek parliamentary vote on an austerity bill needed to secure the next tranche of aid.
EUR/USD hit 1.2775 during late Asian trade, the session low; the pair subsequently consolidated at 1.2774, slipping 0.16%.
The pair was likely to find near-term support at 1.2753, the low of September 11 and resistance at 1.2841, Monday’s high.
Market participants stayed on the sidelines ahead of the start of voting in the U.S. presidential elections, with opinion polls pointing to a tight race between incumbent President Barack Obama and Republican contender Mitt Romney.
The euro remained under pressure as markets eyed Wednesday’s parliamentary vote in Greece on new austerity measures required for Athens to get its next round of international aid.
On Monday, European Union Commissioner for Economic and Monetary Affairs Olli Rehn said the euro zone was on track to make a decision on unlocking Greece’s next installment of financial aid at a meeting of the bloc’s finance ministers next week.
The euro was lower against the pound and the yen, with EUR/GBP down 0.20% to 0.7991 and EUR/JPY falling 0.46% to 102.26.
Later in the day, Germany was to produce official data on factory orders, while Spain and Italy were to release official data on service sector activity.
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