EUR/USD holds above $1.3400

Market news

13 December 2010

EUR/USD holds above $1.3400

After breaking above recent highs near $1.3420 earlier EUR/USD peaked at $1.3434 and then ran out of steam. Traders point to a Reuter's ECB sources story as a possible euro negative, but stress the pair still holds above $1.3400, with no sign of backing down. The sources story says the ECB is considering an increase in capital at eurozone member state banks.

USD/CAD holds near highs

Dow +49.61 at 11459.93, Nasdaq +2.97 at 2640.51, S&P +5.16 at 1245.56

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