U.S. Trade Deficit Sparks Up FX Pairs

FX pairs were refreshingly active today, after the release of the U.S. trade deficit. Early in the session, the Dollar sold-off against the Euro, as the headline "worst annual trade deficit ever" hit the wires. The Euro rallied stalled, however, shortly thereafter, and Dollar bulls staged an impressive rally, taking the the popular EUR/USD pair below 1.19. Overall though, the Dollar was mixed against other majors, with the Yen making gains on the greenback.