EURUSD Stages A Corrective Rally

02/02/10 by Daily Forex Snapshots  
Filed under Forex & Futures

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G10 Advancers and Decliners vs USD
JPY 0.40
EUR 0.30
CHF 0.19
GBP 0.13
There has been a lack of economic drivers in today’s session, but risk appetite has remained healthy with equity indices across Europe and the US higher on the day. Eurozone producer prices ticked up 0.1% MoM; higher than the 0.0% expected but certainly not by a margin that is likely to impact on Thursday’s ECB meeting. EURUSD has continued its corrective rally off yesterday’s 1.3853 lows (and…

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