Monday, March 23, 2009

[EUR/USD]

A late surge in the Euro sees [EUR/USD] recoup all of its earlier losses with the major pair...
A late surge in the Euro sees [EUR/USD] recoup all of its earlier losses with the major pair now quoted around 1.3640 - some distance from highs beyond 1.35 seen earlier. Risk appetite has revised with EM bourses up 1-5% tracking the 3.86% gain in Wall Street. Cable also steadily gaining, now quoted around 1.4530 (+0.70%). Usd/Chf has lost 0.25% to 1.1214 with a break below the figure imminent.

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