EUR/USD advances to new highs

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - A weak US dollar pushed the EUR/USD to fresh daily highs above 1.3550, extending gains. Earlier the pair dropped to weekly lows at 1.3515 but then rebounded and recently climbed to 1.3570, hitting the strongest level in two days.



The pair remains near daily highs, consolidating gains. The common currency is about to rise for the first time in a week against the US dollar but is still below the price it had at the opening on Monday.



The Euro has also risen during the American session against the Pound and trimmed losses versus commodity currencies as stock in Wall Street decline further.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Euro May Overlook Soft German CPI Data, Swiss Franc Under Fire

  2. Forex News

    EUR/USD Rebound to Benefit From Record-Low German Unemployment

  3. Forex News

    Currencies to be mixed and messy - ANZ

  4. Forex News

    Trading Video: Dollar Reaction to FOMC Reserved, S&P 500 Takes a Hit

  5. Forex News

    Strategy Video: Where Does the Dollar Go From Here?

Trading Center