by ForexNewsNow Team on December 28th, 2010

EUR/USD currency pair keeps making small gains

NEW YORK (Forex News Now) – The euro has begun this week the way it ended the last – by making gains against the greenback.

In a relatively quiet week during the Christmas and New Year’s holidays, the euro traded at 1.3225 at around 9:40 A.M., GMT on Tuesday, after rising by 0.45% for a fifth consecutive day of gains.

The euro closed currency market trading on Dec. 21 at 1.3100, but has risen steadily since then to reach its current mark.

With no major realtime forex news events scheduled to take place in Europe during the week, the biggest impact for FX traders will probably come from data being released in the United States.

The Conference Board Inc.’s release on Tuesday of its level of consumer confidence index is one event that should affect trading of the currency pair.

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.