EUR/USD edges lower ahead of E.Z. inflation data The euro edged lower against the U.S. dollar on Monday, as markets were eyeing euro zone inflation data to be released later in the day, while comments by European Central Bank President Mario Draghi last week continued to weigh. EUR/USD hit 1.3897 during late Asian trade, the session low; the pair subsequently consolidated at 1.3894, slipping 0.14%. The pair was likely to find support at 1.3834, the low of March 11 and resistance at 1.3966, the high of March 13 and a two-and-a-half year high. Demand for the single currency remained under pressure after ECB President Mario Draghi said on Thursday that the strong euro was putting downward pressure on euro zone inflation. read more : forex-tsd/general-discussion/92300-eur-usd-news-75.html#post668446
Posted on: Mon, 17 Mar 2014 08:25:47 +0000
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