EUR/USD broke below 1.0700 yesterday before bouncing. The economists of ENG They continue to expect the pair to turn lower this week.
EUR/USD moves mainly around the dollar
“The decision taken yesterday by the European Central Bank to cut rates on public deposits to encourage the withdrawal of funds should not have, for the moment, great implications for the euro.”
“The aggressive rebalancing process by ECB officials following the markets’ reaction last week to President Christine Lagarde’s press conference looks set to continue, although it appears markets have largely factored it in already.” .”
“We believe that new explorations below 1.0700 are possible in the next few days, but it seems that they will depend above all on the movements of the dollar.”
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.
