European Session – Euro briefly above $1.35, sterling hits 6-mth low
Posted on February 13, 2013 at 2:02 pm GMTCurrency markets on Wednesday are mainly being driven by news flow regarding the G-7 statement made yesterday. After a quiet Asian session, the euro advanced 0.2 percent against the dollar in Europe and briefly spiked to a high of $1.3519. Helping the euro was news that the Italian government held a successful bond auction today. Also, on the fundamental side, data showed that Euro zone industrial production was stronger than expected, rising 0.7 percent m/m. However, as the US session [..]