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EUR/USD back to 1.16 before ECB meeting

EUR/USD climbed 0.48% to 1.1609, pulling away from Friday's 11-year lows of 1.1459

By Richard Nehme | Jan. 22, 2015 10:56 GMT
Euro continues to benefit from weaker USD
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EUR/USD climbed 0.48% to 1.1609, pulling away from Friday's 11-year lows of 1.1459. Gaining strength after the release of mixed US housing reports, stating that the number of building permits issued last month decreased by 1.9% to 1.032 million units from November’s total of 1.052 million. Closing out the day at 1.1600 [...]

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