The EUR hovered directly under a key level vs the USD on Wednesday, affected by profit-taking after it hit an 11-week record, while the AUD decliens as inflation data pared the chances of an interest rate rise next week.
The euro was flat at $1.2994 failing to hold above the psychological and technically crucial level of $1.30 after it rose to a high of $1.3045 on Tuesday. The $1.30 level coincides with a 61.8 percent Fibonacci retracement of the euro's selloff since the middle of April. Full Story
