European Session – EURJPY hits 7-week high, USD maintains strength
Posted on July 18, 2013 at 11:56 am GMTThe dollar maintains its gains made against most of its rival G10 currencies as it continues to be supported by expectations that the Federal Reserve will start to taper stimulus later this year after Bernanke signalled this on Wednesday. The Fed Chairman reiterated during his semi-annual testimony in front of the U.S. Congress that the central bank could scale back its $85 billion a month bond purchases by the end of the year. He noted that there was no “preset [..]