Published: Fri, 03 Jul 2009 13:46:00 +0200
Forex: EUR/USD rebounds at 1.3980, back above 1.4000
FXstreet.com (Barcelona) - After capping its recovery from 1.3928 at 1.4028 and falling around 50 pips to trade below to 1.4000, EUR/USD has been rebounded from 1.3980 to levels close to 1.4015 in the last hour. Currently the pair is trading around 1.4005/15, posting 0.35% daily gains from opening price.
George Clement, analyst at Swiss e Trade, comments: "The pair is on a recovery move this European morning, still in low volatility and currently trading at 1.3990. We expect more of this recovery to come today, leading to marks around 1.4050."
By Fxstreet.com
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