Euro being stronger

[Femi]

The euro tends slightly to gain on Wednesday. In previous trading, the common European currency was quoted with $1,4340 against the US dollar, after the euro has fallen in the night to Wednesday toward $1,43. The European Central Bank (ECB) set reference rates on Tuesday at 1,4433 dollar.

In thin trading before year end, fundamental impulse are limited, too. While in the euro zone, figures of money supply and credit volume will be published, in the U.S.A., the Chicago Consumer Manager Index is in agenda. Due to small trading volume, market distortion could not be excluded. (www.ifcmarkets.com)

[Pinalli]

Hello there,

At 10:45PM GMT, the Dollar was up .2% to the Euro to 1.4329, up .1% against the British Pound to 1.6067, up 1.13% to the Canadian Dollar to 1.0552, up .2% versus the Aussie to .8939 and up .11% against the Swiss Franc to 1.0369.
These are the news about the currency pair rates on Thursday.The US Dollar reversed course from its recent slump on Wednesday, the second to last trading session of the year and decade, amidst not much news and very light trading. Everything that has happened in the Forex this week cannot be attributed to any specific piece of data, rather it is the expectations that the New Year brings that has fueled the market.
Lets hope for the best trades in the future.......