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 EUR/USD stabilizes as debate on the (over)valuation of the euro continues

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EUR/USD stabilizes as debate on the (over)valuation of the euro continues Empty
PostSubject: EUR/USD stabilizes as debate on the (over)valuation of the euro continues   EUR/USD stabilizes as debate on the (over)valuation of the euro continues Icon_minitimeThu Jan 17, 2013 10:48 am

EUR/USD stabilizes as debate on the (over)valuation of the euro continues

EUR/USD develops a consolidation pattern in the 1.33 area as European policymakers disagree on the valuation of the single currency and its impact on the economy. At this stage, sentiment on risk is also unable to provide a clear guidance for EUR/USD trading. Sterling remains in the defensive ahead of the speech of PM Cameron on the place of the UK in Europe.


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