{"id":9762,"date":"2010-05-27T08:49:42","date_gmt":"2010-05-27T12:49:42","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9762"},"modified":"2010-05-27T08:49:42","modified_gmt":"2010-05-27T12:49:42","slug":"eurodollar-climbs-1-on-day","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/27\/eurodollar-climbs-1-on-day\/","title":{"rendered":"Euro\/Dollar Climbs 1% on Day"},"content":{"rendered":"<p><strong><strong><strong>By <strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>ForexYard<\/strong><\/a> &#8211; <\/strong><\/strong><\/strong><\/strong>The EUR rose for the first time in 4 days against the U.S dollar amid  bets that its 14 percent drop this year was excessive. The currency&#8217;s  14-day relative strength index fell yesterday to a threshold that some  traders see as a sign it may be poised to reverse course. The 16-nation  currency also strengthened after Chinese officials denied a report that  the country may be distancing itself from Euro-Zone debt holdings. The  EUR extended gains against the Dollar to a session high at $1.2342, up  1.4% on the day after the Chinese comments.<\/p>\n<p>The EUR\/USD cross was trading up around 0.8% on the day at $1.2270  from its intraday low of $1.2154. The single currency also rallied 1.5%  against the Japanese yen to 110.85 yen, pulling away from an 8-1\/2 year  low of 108.83 yen on Tuesday.  The EUR may extend its gains as investors continue to cover short  positions in higher-risk currencies and strengthen to $1.2850.<\/p>\n<p><strong><em>Forex Market        Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                            Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                            may not be suitable for all          investors.       There    is  a              possibility       that             you   could       sustain a  loss   of  all   of     your                 investment and            therefore  you         should   not       invest        money  that   you            cannot  afford to            lose. You         should    be      aware of      all       the     risks         associated     with     Foreign        Exchange         trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By ForexYard &#8211; The EUR rose for the first time in 4 days against the U.S dollar amid bets that its 14 percent drop this year was excessive. The currency&#8217;s 14-day relative strength index fell yesterday to a threshold that some traders see as a sign it may be poised to reverse course. The 16-nation &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/27\/eurodollar-climbs-1-on-day\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Euro\/Dollar Climbs 1% on Day&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9762","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=9762"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9762\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}