International News
EUR/USD remained near session highs on Wednesday, as hopes for progress on the Ukrainian front supported market sentiment, although growing expectations for fresh easing measures by the European Central Bank limited gains. EUR/USD reached session highs of 1.3160 before pulling back to 1.3145, holding above Tuesday’s one year lows of 1.3109.The pair was likely to find support at the 1.3100 level and resistance at around 1.3160
The euro found some support after Ukraine's President Petro Poroshenko said he had agreed on a "permanent ceasefire" in eastern Ukraine with Russia. Concerns that sanctions against Russia would act as a drag on growth in the euro zone have pressured the single currency lower in recent weeks. But the euro failed to build on gains as investors remained cautious ahead of the ECB’s monthly meeting on today [...]
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