Euro Versus Dollar and Yen Febraury 17th

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell initially for the Thursday session as the "risk off" trade was back on. And then, almost as if on cue - rumors came into the market that the ECB might be swapping out short-term bonds in Greece for longer-dated ones. This gave the Euro a boost, and we were off to the races. 1.3250 still looms large though.

EUR/JPY had a similar day in the sense that we shot straight up after the announcement. However, we are starting to enter an area that will provide a bit more resistance.

Published on 16th of February 2012
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