6th January 2012
A lack of confidence among investors following the publication of new data regarding the eurozone has not held back the single currency from making gains against the greenback.
Investors have witnessed a rise in the pair in trading this afternoon (January 6th) despite research showing confidence in the eurozone has now fallen to a two-year low, Daily Markets reports.
Following a fall to a low of 1.2764 at the end of the US trading session, EUR/USD has seen gains to a high of 1.2813 in London, before falling back to stand at 1.2764 - up by 0.6 per cent for the day so far.
The news follows comments made by Johan Javeus, chief strategist at SEB in Stockholm, who recently told Reuters that this week's French debt sale would have little impact on the euro.
He argued that a positive shift would be unlikely for the single currency even if the sale went well.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.