Euro vs. US Dollar

Latest news on Euro vs. US Dollar

A remarkable rebound in worldwide unsafe asset classes caused the Euro to its highest end in opposition to the US dollar throughout a month, and on the whole momentum indicates additional EUR/USD gains are probable. The single currency held out weight from a rather dreary stream of economic facts, breaking a key 200-day Simple Moving Average and finishing the week more or less the same at its highs. Definitely, a further European Central Bank interest rate cut and statements of notable credit easing in fact caused a rally in the single currency. Initially quick look at such responses night seem not so simple, but we are reminded that the euro?s connection to risk sentiment stays close to record-highs. Rather than forcing euro losses, dovish ECB commentary sparked rallies in European equity indices and a proportionate went up in the EUR/USD.
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