Recap: The Aussie pushed to its highest level against the US Dollar since mid-January as the RBA hiked rates to 4.25%. Greek bonds and credit default swaps came under renewed pressure following the return of European traders from holiday and the EUR/USD fell to the 1.3350 area. The USD/CAD hit parity, the USD/JPY receded on lower US Treasury yields, and the GBP/USD managed to win back its losses from the overnight session. News Provided by FXTimes/CMS Forex www.fxtimes.com http Analyst: Nick Nasad Open up a free practice account and start trading Forex today.
www.fxtimes.com – Forex News, Analysis, Education, Webinar, Live Events and More The euro rallied on the back of heightened prospect of a rate hike by the ECB. The EUR continues to push higher, the EUR/JPY is pushing towards 2010 highs, and the EUR/GBP could not break below this week’s low. We will also take a look at setups in the EUR/CHF, EUR/AUD, EUR/NZD, EUR/CAD. Fan Yang CMT Chief Technical Strategist FXTimes