European Session – Dollar slightly higher while sterling consolidates gains
Posted on June 13, 2014 at 1:36 pm GMTEuro / dollar dropped to 1.3544 from 1.3559 at the beginning of the session, while dollar / yen was slightly higher at 102. Somewhat good news for the euro was that the Eurozone’s trade balance for April was a positive 15.7 billion euros, beating expectations of a 13.9 billion surplus. There was little news flow to drive today’s European trading and the market was still adjusting to previous events such as Bank of England Governor Carney’s speech the previous day [..]