European Session – Euro extends gains to 1.13 as dollar hurt by weak US durable goods orders
Posted on January 27, 2015 at 2:59 pm GMTThe euro extended gains against the dollar today after rallying from a fresh 11-year low of 1.1096 touched on Monday. There is some relief in the markets that the new Prime Minister of Greece, Alexis Tsipras, appeared willing to negotiate with the nation’s international creditors. A weaker dollar also supported the euro. The euro rose to as high as 1.1383. Friday’s Eurozone flash CPI is an important risk event for the single currency. Meanwhile a jump in EURCHF helped lift the [..]