Euro Makes New Highs

New York London GMT Tokyo Singapore

By Greg Michalowski on October 23, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The EUR/USD broke the 1.5048 level and hit 1.5060 on what seemed like an equity trade on the Japanese open as Asian equities and US futures are bid across the board.

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The EUR/JPY pair hit the ~137.80 level not seen since August, further suggesting the move was equity related.

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The next move has been a straight USD move from its lows as it goes bid against the Yen and the Euro.

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