The euro (EUR) is weak, lowering 0.3% against the US dollar (USD) and is an intermediate yield between the G10 in an environment of generalized strength of the USD, says Shaun Osborne, head of FX of FX of Scotiabank.
EUR is weak on the day
“The second -category trust data were generally (although marginally) disappointing, while the figures of IPC expectations of the ECB showed an unexpected increase. The ECB tone has been generally moderate, and it will be interesting to see (yes, y) how these figures of inflation expectations are discussed. The markets are still valuing approximately a complete cut of 25 basic points at the June meeting.”
“The trend is bullish, but the impulse is weakening, reflecting the range of almost three weeks that has seen limited movements between the support in the middle of 1.12 and the resistance in half/higher of 1.15.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
