Dec 21
Today, the EUR/USD pair has shown strength currently up from its open of 1.4338 and is around the 1.4339 level. The German economy is likely to remain on recovery path despite easing global stimulus. Despite euro strength, rising exports, falling imports point to trade boosting Q4 GDP. Cable has recovered earlier losses and is now just below it open at the 1.6147 level. Britain could be at risk of a mass sell-off of distressed properties that would send values into a double dip and impair the lending ability of banks. The JPY/USD pair has shown weakness this morning and is currently down at the 90.37 level.
Due for release today is the CAD Core Retail Sales m/m and the NZD Current Account.
By Ultimate Forex Profits
