Fixing supports the euro briefly before downside pressure returns

EUR/USD has slipped to fresh intraday lows in New York after a brief period of demand around the 16:00 GMT fixing.

Heavy selling of cable from a US investment house at the fixing is also contributing to a stronger dollar across the board.

Traders report CTAs and other leveraged accounts abandoning EUR/USD longs on the latest decline…

1.3872 is the NY low so far.

Top Brokers

Sponsored

General Risk Warning
investingLive Premium
Telegram Community
Gain Access