Italy Industrial Output s.a. (MoM) increase to 0.4% in Dec; -6.6% (YoY)
Feb 8, 2013
Forex: EUR/USD higher as EU leaders negotiate 2014-2020 budget
After a quick stop at 1.3380/90 little after German trade data, the EUR/USD bounced back and is now edging higher on the day as the market extends gains above 1.3400. It is believed the European Council meeting taking place today and tomorrow will have the 2014-2020 EU budget approved.
The USD/CHF nearly turned a corner overnight, having briefly threatened the 0.9200 level. However, since then the pair has been in a relative downturn, as the cross shifted into negative territory dragging the pair to session lows at 0.9162 in these moments. As the European session digests an earlier dose of German and Swiss data, the pair has incurred a loss of -0.18% Friday.