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2 Jan 2015
EUR/USD tumbling towards 2012 lows
FXStreet (London) - EUR/USD has wasted no time in 2015 in testing old stomping grounds, first breaking below the 2014 and advancing towards the 2012 low.
Its been one way traffic for the pair in Asia trading so far, now trading down -0.34% at 1.2064. The 2012 low of 1.2053 is within touching distance with little ahead of it to hold it back.
With little in the way of economic data, and spot closing the year so close to a multi year low, the push lower comes off the back of especially thin conditions as the world prepares to get back to business.
Its been one way traffic for the pair in Asia trading so far, now trading down -0.34% at 1.2064. The 2012 low of 1.2053 is within touching distance with little ahead of it to hold it back.
With little in the way of economic data, and spot closing the year so close to a multi year low, the push lower comes off the back of especially thin conditions as the world prepares to get back to business.