Weak global economic data and uncertainty about Greece’s short-term liquidity problems are weighing on the market suggesting more downside risks for the EUR/USD, according to what analysts at the Danske Bank wrote in its weekly report. Risk will probably persist at least until the next ECB meeting on July 7 says the report. “We would wait for lower levels to position for the relative rates driven rebound in EUR/USD that we still expect during the summer.”
source: fxtreet.com
still hoping usd stays strong
ReplyDeletewow, it keeps getting lower and lower, do you have a record of the lowest point it had?
ReplyDelete