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Breaking news Forex currency market, forex market GMT. Forex traders
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Forexpros - The euro hit a two-month low against the U.S. dollar on Monday, as concerns over a Greek austerity vote weighed on the single currency, while investors anxiously awaited the outcome of Tuesday’s U.S. presidential elections.
EUR/USD hit 1.2778 during European early afternoon trade, the pair’s lowest since September 11; the pair subsequently consolidated at 1.2783, shedding 0.41%.
The pair was likely to find support at 1.2753, the low of September 11 and resistance at 1.2941, Friday’s high.
The euro was broadly weaker amid concerns over whether Greece’s Parliament would approve a package of spending cuts and tax hikes in a vote on Wednesday, which will determine if Athens receives its next tranche of financial aid.
Investors were also focusing on the outcome of Tuesday’s U.S. presidential elections, with opinion polls pointing to a close race between incumbent President Barack Obama and Republican challenger Mitt Romney.
The dollar remained supported after official data on Friday showed that the U.S. economy added 171,000 jobs in October, beating forecasts for an increase of 125,000 and boosting the U.S. economic outlook.
The euro was lower against the pound and the yen, with EUR/GBP slipping 0.11% to 0.8003 and EUR/JPY down 0.68% to 102.57.
Later Monday, the Institute of Supply Management was to publish data on U.S. service sector activity.
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 hit a two-month low against the U.S. dollar on Monday, as concerns over a Greek austerity vote weighed on the single currency, while investors anxiously awaited the outcome of Tuesday’s U.S. presidential elections.
EUR/USD hit 1.2778 during European early afternoon trade, the pair’s lowest since September 11; the pair subsequently consolidated at 1.2783, shedding 0.41%.
The pair was likely to find support at 1.2753, the low of September 11 and resistance at 1.2941, Friday’s high.
The euro was broadly weaker amid concerns over whether Greece’s Parliament would approve a package of spending cuts and tax hikes in a vote on Wednesday, which will determine if Athens receives its next tranche of financial aid.
Investors were also focusing on the outcome of Tuesday’s U.S. presidential elections, with opinion polls pointing to a close race between incumbent President Barack Obama and Republican challenger Mitt Romney.
The dollar remained supported after official data on Friday showed that the U.S. economy added 171,000 jobs in October, beating forecasts for an increase of 125,000 and boosting the U.S. economic outlook.
The euro was lower against the pound and the yen, with EUR/GBP slipping 0.11% to 0.8003 and EUR/JPY down 0.68% to 102.57.
Later Monday, the Institute of Supply Management was to publish data on U.S. service sector activity.
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