EUR/USD holds above $1.3100

Market news

20 December 2010

EUR/USD holds above $1.3100

Light flows as the EUR/USD lifts to $1.3125 area, remaining shy of the early afternoon high at $1.3130 but still able to hold above $1.3100 though with US yields firming again, a potential dollar positive. Breach of the 200d ma at $1.3104 seen as a significant development on the day but needs to be sustained to be more meaningful.

OIL:

Dow -12.38 at 11479.53, Nasdaq +8.15 at 2651.12, S&P +3.33 at 1247.24

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