XE Market Analysis: North America - Sep 12, 2013
By: XE Market AnalysisThe dollar edged up in early Europe, but overall it consolidated at easier levels following Tuesday's correction. Setting the tone overnight was an extended USD-JPY move into 99.20 as weak longs bailed following yesterday's failure to sustain 100.00. This kept EUR-USD close to 1.3300, although upside progress was capped by resistance at 1.3330, EUR-JPY supply from a Middle Eastern account and EUR-GBP hedging related to EU subsidies. Read more