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Forex pairs in this Article » EUR/USD (London) - Strategists at Brown Brothers Harriman noted that the euro posted an outside down day yesterday.

Key Quotes:

“The euro posted an outside down day yesterday (trading on both sides of Friday's trading range and closing the North American session below Friday's low), but there has been no follow through (yet) today despite the disappointing details of the German IFO survey”.

“The headline edged higher for the fifth consecutive month, to 107.7 from 107.6, but fell shy of the consensus forecast of 108.2. This was a function of an increase in expectations, but a decline in the current assessment”.
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