Article 1 - Article 1 DJ MARKET TALK: Middle East Buying...

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Article 1 DJ MARKET TALK: Middle East Buying Supports EUR/USD -- Traders 0412 GMT [Dow Jones] The EUR/USD is supported by investors from the Middle East buying on dips, Singapore-based traders say, counteracting to some extent the broad risk aversion that has pushed the pair lower in the Asian session. In addition, flows from local Asian currencies back into euros as some European firms repatriate funds ahead of the financial year- end, will support the EUR in November, says a trader at a foreign bank. The EUR/USD should trade in a range of 1.3300 to 1.4000 in the medium-term, the trader say. The pair is at 1.3697, down from 1.3745 late in New York but off its intra-day low of 1.3665. (martin.vaughan@dowjones.com) Sources https://practice.forex.com/CurrencyPair?cp=USDJPY According to the forex.com, from the above mention article EUR/USD trade in a range from 1.3697 to 1.4000. Altogether, the transaction sold totaled to 200,000 EUR/USD at the rate of 1.37099. Asian market backed up and supported EUR/USD from investors of Middle East. Both
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Article 1 - Article 1 DJ MARKET TALK: Middle East Buying...

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