European Session – Euro drops below $1.37 as dollar strengthens
Posted on February 26, 2014 at 2:56 pm GMTMost major currency pairs traded well within yesterday’s ranges, with few market moving news headlines today. There was economic data out today with regards to German consumer confidence and UK revised GDP but the market will likely take its direction from more important events such as Eurozone inflation data on Friday and Fed Chair Yellen’s testimony on Thursday. The euro hit a new daily low against the dollar after tumbling to 1.3710. Highs of 1.3756 were hit early in the [..]