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Daily Market Recap- Currency- First Binary Option Service.

American dollar traded near its 6-week high versus the euro, where the world’s largest economy signaled an economic recovery, while expectations were restored that the Federal Reserve Bank about to scale back stimulus this month.

Moreover, USD/EUR pair traded today near 1.31729 a 0.2% from its highest level in six weeks, where the pair recorded low of 1.31675 from 1.31707. Meanwhile, American dollar also topped versus Japanese yen to extend its series of gains for the fourth straight session, where the USD/JPY pair traded near 99.576 after hitting its high of 99.643 from low of 99.547, while the pair started today’s Asian session at 99.547.

Japanese yen dropped versus most of major peers amid the absence of heavy weighted economic data in Japan, where investors preferred to trade with dollar during the current period. GBP/JPY pair traded near 154.930 recording high of 155.057 from low of 154.905. It’s worth to mention that, Australian dollar traded near its highest level in two weeks versus its counterpart American dollar amid the recent economic data over Australia’s economy. AUD/USD pair inclined to record high of 0.90583 from low of 0.90505.

Wednesday, 04 Sep, 2013 / 7:21

Source : https://www.firstbinaryoption.com

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