The euro struck a high of 1.3393 and a low of 1.3355 yesterday against dollar as dollar took back earlier losses against the euro on Monday after investors digested disappointing US durable goods numbers and snapped up nicely priced greenback positions afterwards to await fresh cues from the Federal Reserve on the fate of monetary stimulus measures. The Commerce Department reported earlier that US durable goods orders dropped 7.3% in July, outpacing expectations for a 4.0% decline. The July figure marked the largest decline since August 2012.On Tuesday, the Ifo institute is to release its German business climate report, while the US is to publish private-sector data on house price inflation as well as a closely watched report on consumer confidence. Time of Writing : 1315 HRS - PST (Tuesday, August 27, 2013) DAILY TECHNICAL RESISTANCES AND SUPPORTS CURRENT PRICE: 1.3340 RESISTANCES: 1.3395 1.3415 1.3435 SUPPORTS: 1.3322 1.3309 1.3294
Posted on: Tue, 27 Aug 2013 08:31:37 +0000
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