Euro is edging higher today, holding on to some of its overnight gains, as things slow down in the financial markets ahead of Christmas week. Even though Christmas is still more than a week away, things are already slowing down in a lot of markets.
Euro, though, is holding on to earlier gains as Forex traders and other investors ignore the debt issues plaguing the eurozone, and as they shrug off less than stellar data releases.
There are some possible troubles ahead for the eurozone, though. Eurozone countries remain on watch for credit downgrades, and wage growth has slowed. A government party referendum in Germany has approved eurozone bailouts, and that is providing an edge right now for the euro, as is the successful bond auction recently held in Spain.
No one is sure, however, how well the euro will be able to do
At 14:49 GMT EUR/USD is higher at 1.3025, up from the open at 1.3016. EUR/GBP is higher at 0.8402, up from the open at 0.8389. EUR/JPY is higher at 101.4170, up from the open at 101.3550.
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