Dollar falls, euro touches $1.26

I just saw this news article from MarketWatch.com - "Dollar Falls, Euro touches $1.26".  It's worth a read if you want to look at some of the fundamentals or mindsets that's pushing the currencies around.

But for anyone that has been following the charts, the price movement is old news. Euro had touched $1.26 last night while I was asleep (we all need our beauty sleep right?) and made a pull-back from it.  The rally doesn't look very strong, but I'm expecting prices to be able to go higher still.  There's a series of major economic news coming out today (source: ForexFactory) that may cause some wide swings:

3:30pm	CHF		Libor Rate			<0.25%	<0.25%
3:30pm	CHF		SNB Monetary Policy Assessment
3:30pm	CHF		SNB Press Conference
8:30pm	USD		Core CPI m/m			0.2%	0.2%
8:30pm	USD		Unemployment Claims			377K	377K

* Note: Timings above are based on Singapore time (GMT+8)

Good luck with your trading!