Asian Session – Markets consolidate ahead of Federal Reserve meeting
Posted on December 12, 2012 at 7:17 am GMTEuro held onto gains made against the dollar yesterday following better-than-expected German ZEW data indicating that investor confidence has improved and businesses believe that Germany will not face a recession. Euro remained in consolidation mode during the Asian session as investors await on the sidelines for the US Federal Reserve policy meeting to conclude later today. EURUSD opened in Asia at 1.3004 and only managed a tight range of less than 20 pips between 1.2996 and 1.3013. The FOMC is [..]