EURUSD nearing 1.3700

Tuesday, 11 October 2011 10:41

The 17-nation european currency marked a big rally against the U.S Dollar, raising over 300 pips from 1.3360 to 1.3690 in yesterday's trading session.  Today, the Euro/U.S Dollar opened at 1.3644 in the Asian market; the pair stumbled to a day's low of 1.3615 due to correction and rose again to a high of 1.3672.  Currently the pair is playing near session high, at 1.3665.