What's Happening With Currencies
Major currencies are relatively lower on the session, with many waiting in the wings for next week’s EU summit decision. Although there have been a great deal of developments and new proposals, traders will want to see definitive action next week – allowing for some sort of direction in the Euro. Nonetheless, some positions are being taken off the books following a good week of volatile trading. The EURUSD is now trading lower by 0.65% at 1.3374 while the British pound is down 0.66% at 1.5582.