FX : European markets edge lower; Euro in range, Pound slightly down
FXstreet.com (Barcelona) - European markets are going through minor losses on early trading Wednesday on profit taking, namely in the basic resources sector which has seen three days of gains. Euro remains consolidating at year highs, while the Pound eased from Tuesday's top.
Eurostoxx 50 Index trades 0.3% down, while French CAC Index declines 0.27% and the French CAC Index drops 0.24%. In the UK, the FTSE index edges down 0.1%.
Euro sideways while Pound ticks down
EUR/USD has remained moving in a range from 1.4475 t0 1.4520, after Tuesday's rally to a 2009 high at 1.4535. At the moment,m the Euro trades at 1.4515.
GBP/USD fell during early European session, from 1.6565 to day low at 1.6455, although the pair has bounced afterwards, reaching levels right above 1.6500 at the time of writing.
USD/JPY bounce on Tuesday's low at 92.00 has extended to a session high at 92.60 on early European session, and the Dollar trades now in a range from 92.40 to 92.60.
