EUR/USD: ECB continues to weigh – FXStreet

By FXStreet FXStreet (Guatemala) – Valeria Bednarik, chief analyst at FXStreet noted and explained that investors recovered their optimism this Tuesday, as Chinese shares market advanced 2.92%, despite poor Chinese export and import figures.

Key Quotes:

“The dollar and the yen were mostly offered across the board, whilst all of the major indexes closed in the green.”

“The EUR/USD pair advanced up to a daily high of 1.1228, amid a strong European opening, but was unable to sustain gains beyond the 1.1200 figure, spending most of the American session consolidating around the 1.1160 region. The common currency failed to attract buyers as the ECB pledged for most stimulus during its latest meeting, highlighting the fragility of the local economy.”
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Source:: FX Street