News Headline Summary

In the FX market, strength being observed in the USD with EUR/USD and GBP/USD trading at their session lows

Analysis details (03:13)

- No fundamental news behind this movement and we will keep an eye on the wires for anything new on the matter.
- GBP/USD is approaching the 1.62 level.
- Stop loss selling seen in EUR/USD after breaking yesterday's US lows around the 1.3157 mark.
- Also as a reminder volumes are below average today given the market holiday in Japan and China so volatility and price action may well be further exacerbated by lighter volumes.

03 Jan 2013 - 02:54 - Forex - Source: Newswires

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