Cpi Report | Online Forex Trading - Learn currency trading, forex broker review, trade forex guide

Posts Tagged ‘cpi report’

Why has the euro suddenly strengthened?

Monday, January 28th, 2013

Euro is strongerIt seems that many investors feel that the euro has turned a rather pivotal corner during this past week. The multinational currency finished off the week of the 21st at a ten month high in relation to the dollar.

This has been interpreted by many as a sign of a heightened sense of confidence in the European banking sector.

There are even rumours that we may see the euro currency test the 2012 resistance levels of $1.35 in the short-term. Nonetheless, the week ahead is of critical importance for the perceived strength of the euro.
(more…)