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16 Oct 2014
EUR/USD finds support above 1.2700
FXStreet (Córdoba) - EUR/USD fell sharply below 1.2800 and found support slightly above 1.2700. The pair rebounded and rose to 1.2765, trimming losses.
Ahead of the release of economic data from the US (jobless claims and industrial production) is trading around 1.2750/55, down 0.65% for the day and almost a hundred pips from where it was trading yesterday before the US retail sales report.
The euro is so far the worst among European currencies on Thursday; pulling back against the pound and trading at 2-week lows versus the Swiss franc. Stocks in Europe are falling more than 1% for the second day in a row.
Ahead of the release of economic data from the US (jobless claims and industrial production) is trading around 1.2750/55, down 0.65% for the day and almost a hundred pips from where it was trading yesterday before the US retail sales report.
The euro is so far the worst among European currencies on Thursday; pulling back against the pound and trading at 2-week lows versus the Swiss franc. Stocks in Europe are falling more than 1% for the second day in a row.