The Traderszone Network

Published in TZ Latest News 27 August, 2015 by The TZ Newswire Staff

EURUSD moves back lower…Fixing and stocks to blame, but bounces.

Month end may be an influence at fixing time
The EURUSD is moving back lower and trades at new session lows. The 4 pm London fixing may play a part. There is some speculation that since it is a UK holiday on Monday, the month end fixing might be in play early. It seems that might be in the direction of dollar buying (EURUSD selling). Indeed at 11 AM the low levels was printed.