EUR/USD hits fresh high at 1.3137 (Córdoba) – The Euro extended gains against the Dollar and reached a new daily high at 1.3137. EUR/USD recovered further and has risen 270 pips from Monday’s lows at 1.2870. After the release of the Beige Book the pair retreated slightly to 1.3110.
According to the Beige Book, “reports from the twelve Federal Reserve Districts suggest that economic activity continued to expand moderately from November through December”.
The report pointed out that conditions were generally “said to be better in Districts’ manufacturing, retail, and non-financial services sectors than in financial services or real estate”.
Dollar remains under pressure across the board trading near session lows.


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