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Wednesday, January 30, 2013

Mid-Day Report: EUR/USD Broke 1.35, Firm as US GDP Unexpectedly Contracted in Q4

Mid-Day Report: EUR/USD Broke 1.35, Firm as US GDP Unexpectedly Contracted in Q4: Dollar was soldoff against Euro earlier today after release of better than expected confidence indicators as well as a smooth Italy bond auctions. The greenback stays week in early US session after Q4 GDP showed unexpected contraction of -0.1% versus consensus of 1.2% growth. The GDP price index also rose More..

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