The euro rose to session highs against the U.S. dollar on
Monday, also boosted market sentiment amid continued hopes for a
solution to the U.S. financial cliff, but gains were limited amid
ongoing concerns in the euro zone weighed on market sentiment ..
EUR / USD hit 1.2820 during U.S. morning trade, the highest price for the pair since November 7, the pair subsequently consolidated at 1.2814, gaining 0.56%.
The pair was likely to find support at 1.2689, the lowest price on Friday, 1.2875 and resistance at the highest price since Nov. 7.
Sentiment was reinforced after she talks the leaders of the U.S. Congress with President Barack Obama in a constructive on Friday. ”
There are fears that the U.S. economy will return to a state of recession, did not reach Congress and the White House compromise in the seven weeks remaining before the deadline on January 1.
The weakness of the U.S. dollar also contributed to the gains. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.15% to trade at 81.14.
A separate report showed that the level of overdue loans in the Spanish banks rose to 10.7% recorded in September.
Investors awaited a meeting of the Eurogroup of eurozone finance ministers on Tuesday to discuss the receipt of Greece the next installment of financial aid.
The euro rose against the pound and the yen, with EUR / GBP gaining 0.36% to hit 0.8052 and EUR / JPY up 0.43% to hit 104.05.
Monday also said the National Association of Realtors said sales of existing homes in the United States rose by 2.1% to 4.79 million units, seasonally adjusted in October from September, revised version of the total 4.69 million.
Been reported existing home sales for the month of September at 4.75 million units.
Analysts had expected that existing home sales to rise to 4.75 million units in October.
EUR / USD hit 1.2820 during U.S. morning trade, the highest price for the pair since November 7, the pair subsequently consolidated at 1.2814, gaining 0.56%.
The pair was likely to find support at 1.2689, the lowest price on Friday, 1.2875 and resistance at the highest price since Nov. 7.
Sentiment was reinforced after she talks the leaders of the U.S. Congress with President Barack Obama in a constructive on Friday. ”
There are fears that the U.S. economy will return to a state of recession, did not reach Congress and the White House compromise in the seven weeks remaining before the deadline on January 1.
The weakness of the U.S. dollar also contributed to the gains. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.15% to trade at 81.14.
A separate report showed that the level of overdue loans in the Spanish banks rose to 10.7% recorded in September.
Investors awaited a meeting of the Eurogroup of eurozone finance ministers on Tuesday to discuss the receipt of Greece the next installment of financial aid.
The euro rose against the pound and the yen, with EUR / GBP gaining 0.36% to hit 0.8052 and EUR / JPY up 0.43% to hit 104.05.
Monday also said the National Association of Realtors said sales of existing homes in the United States rose by 2.1% to 4.79 million units, seasonally adjusted in October from September, revised version of the total 4.69 million.
Been reported existing home sales for the month of September at 4.75 million units.
Analysts had expected that existing home sales to rise to 4.75 million units in October.
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