EURO Ascent still holds – Video Analysis

EURO Ascent still holds –  EURUSD is trading on the 1.13 handle for the first time since August 16 of last year, topping so far at 1.1380. The bulk of this rally since yesterday came following comments from ECB chief Draghi, who hinted at policy changes ahead, which saw European sovereign yields run higher. Meanwhile, we saw also a 2.2% rally in oil prices yesterday, which capped a four consecutive session rebound, provided a fresh cue for the forex market to buy Canadian dollars.

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Stuart Cowell

Senior Market Analyst


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