European Session – Euro consolidates gains as focus turns to German elections
Posted on September 20, 2013 at 11:53 am GMTCurrency markets have definitely slowed down after the Fed-induced rally on Wednesday, with a quiet end to the week. The economic calendar was light during the European session on Friday, keeping the euro steady and holding onto gains made post-Fed. EURUSD is not far from a 7-month high, trading in a range between $1.3515 and $1.3547 in today’s European session. The pair has been flat since the post-Fed rally to $1.3567. EURJPY has also been trading sideways since Wednesday’s jump [..]