6 Jun 2013
EUR/USD settles at 1.3119/21 ahead of ECB decision
FXstreet.com (Barcelona) - The EUR/USD continued its track higher ahead of the ECB decision later today, peaking recently at 1.3131 during European trading.
Presently however, the EUR/USD exchange rate is settling back at 1.3119/21, a slight 10 pip easing off its highs, though still entrenched in positive territory at +0.21% in these moments.
According to Gareth Berry, a Research Analyst at UBS, “The latest EUR/USD strength suggests scope for extension of the upside to the 1.3194 level and then 1.3243. Meanwhile, support is at 1.2956, ahead of 1.2797, indicating a neutral intraday outlook.”
Earlier today in Spain, the 10-year Obligaciones auction concluded at 4.517%, down from 4.612% previously. In addition, a 2-year Bond auction recorded yields of 1.903%, vs. 2.275% previously. Finally, the 3-year Spanish Bond auction came in at 2.706%, compared with 2.442% previously.
Presently however, the EUR/USD exchange rate is settling back at 1.3119/21, a slight 10 pip easing off its highs, though still entrenched in positive territory at +0.21% in these moments.
According to Gareth Berry, a Research Analyst at UBS, “The latest EUR/USD strength suggests scope for extension of the upside to the 1.3194 level and then 1.3243. Meanwhile, support is at 1.2956, ahead of 1.2797, indicating a neutral intraday outlook.”
Earlier today in Spain, the 10-year Obligaciones auction concluded at 4.517%, down from 4.612% previously. In addition, a 2-year Bond auction recorded yields of 1.903%, vs. 2.275% previously. Finally, the 3-year Spanish Bond auction came in at 2.706%, compared with 2.442% previously.