News Headline Summary

EU's Juncker says EUR exchange rate is dangerously high

Reaction details (19:00)

- EUR/USD moved 27 pips to the downside in immediate reaction to this comment to 1.3311 from 1.3338 as EU members do not normally comment on exchange rates.
- In the following minutes, EUR/USD continued to move lower to trade 1.3296, down 42 pips from the initial comment.
- EUR/USD continues to move lower in the next 7 minutes, moving to session lows at 1.3264.

15 Jan 2013 - 18:52 - Forex Economic Commentary - Source: Newswires

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