The euro had been trading about even to the prior session after a three-day run of losses despite the release of discouraging eurozone economic data. The euro EURUSD, +0.07% bought $1.2859 Tuesday afternoon, compared with $1.2849 late Monday in New York.
The pound GBPUSD, +0.14% traded at $1.6387, higher than $1.6341 late Monday. MacNeil Curry, head of Global Technical Strategy, explained in a note that the recent volatility in GBP/USD hinted at a resumption of a downward trend in currencies for the medium-term to long-term downtrend. He recommends placing bets that the pound will lose value.
Against the Japanese yen, the dollar USDJPY, -0.32% fetched ¥108.85, on par with late Monday’s level in New York.
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