Filed Under:
Forex pairs in this Article » EUR/USD
FXstreet.com (San Francisco) - The Euro continued with its rebound against the USD on Tuesday as the pair rallied from 1.3360 to test the 1.3455 and close the day at 1.3435 in consolidation mode.

With no big fundamental news in the economic calendar, the pair "managed to trigger stops above the 1.3440/50 resistance area but was not able to follow-through," according to FXBeat's analyst Jamie Coleman.

The GBP/US extended losses to reach 1-month lows at 1.5850 where the pair found support. The cable attempted a recovery but it was halted at 1.5945. Now the Sterling to Dollar rate is at 1.5900. The USD/JPY traded higher on Tuesday as the pair advanced 60 pips to close the day at 99.65.

The Aussie collapsed for fourth day and now the AUD/USD is trading at 2-month lows around 0.9270 after triggering stops just below 0.9300.

Main headlines in the American session:

October US employment trends index 113.65 vs 114.8 prior

Fed's Lockhart: Taper could very well take place next month

Lockhart: Fed can change mix of tools without tightening

Kocherlakota: Don't be afraid of a little stimulus

Taper's bets fuel Wall Street losses
comments powered by Disqus