WILL THE EURO BRING THE EUR/USD RALLY TO AN END? – COMMERZBANK
Since the beginning of August, EUR-USD has been in a steady upward trend, and periods of stabilisation have been short-lived, Commerzbank’s FX analyst Michael Pfister notes.
The PMI figures are trickier than was expected
“Yesterday, the pair even hit a new high for the year. However, this is almost entirely a USD story. The US Dollar continues to depreciate steadily, while the euro has been virtually unchanged since the beginning of August. This should come as no surprise, as recent data from the euro area has been almost entirely in line with expectations.”
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.