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Euro To US Dollar Rate Week-Ahead Risks "Skewed To Downside" Say MUFG

From exchangerates.org.uk

Foreign exchange analysts at MUFG suggest the risks for the Euro (EUR) against the US Dollar (USD) are skewed to the downside in the coming week. Ahead of the key ECB and FED policy updates, the Euro to Dollar exchange rate is trading 0.33% lower, at 1.10882. The Euro to Pound exchange rate is also on the back foot, with EURGBP trading at 0.8638, a 0.2% drop on the opening levels for the day. Analysts at MUFG noted a modest decrease in the Euro against the US Dollar over the past week. "The EUR has corrected modestly lower against the USD over the past week. After hitting an intra-day high of 1.1276 on 18th July, ... (full story)

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  • Category: Fundamental Analysis