Wednesday, February 13, 2013

Daily Forex News & Analysis ? 11/02/13 | Inside Forex trading

USD

The dollar fell on Friday after data showed the Trade surplus in December rose from -48bn to -38bn, the third largest month-on-month improvement in history. The greenback ended the day at 1.3364 to the euro and 92.69 to the yen.

EUR

The euro weakened on Friday after data showed a greater-than-expected fall in the German Trade surplus, which fell from 12bn from 16.9bn. The single currency ended the day at 1.3364 to the dollar and 123.89 to the yen. Today?s data includes an economic report from the European Union.

GBP

The pound bounced on Friday after better-than-expected trade data in the U.S encouraged more risk appetite. Follow-through buying from BOE governor elect Mark Carney?s comments on the previous day also spurred buying. Sterling ended the day at 1.5801 to the dollar and 146.37 to the yen.

JPY

The yen rebounded on Friday after comments from Finance Minister Aso were taken as indicating the authorities were less keen to weaken the yen than had previously been assumed. The Japanese currency ended the day at 92.69 to the dollar and 123.89 to the euro.

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Source: http://blog.forex4you.com/daily-forex-news-analysis-110213/

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