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20 Aug 2013
EUR/USD heavy buying sends rate to 1.3350
FXstreet.com (Barcelona) - The EUR/USD has been bought up quite heavily in the last hour of trading in Asia, with the exchange rate up over 20 pips towards 1.3349 session high.
While macro accounts were seen buying USD particularly against AUD and Asian currencies, with the emerging market selloff being a negative driver for the AUD, the EUR/USD has enjoyed a healthy bid.
According to Valeria Bednarik, Chief Analyst at FXstreet.com: "The pair will likely maintain the 1.33/34 range until Wednesday when European PMIs and US FOMC Minutes are due."
While macro accounts were seen buying USD particularly against AUD and Asian currencies, with the emerging market selloff being a negative driver for the AUD, the EUR/USD has enjoyed a healthy bid.
According to Valeria Bednarik, Chief Analyst at FXstreet.com: "The pair will likely maintain the 1.33/34 range until Wednesday when European PMIs and US FOMC Minutes are due."