The euro (EUR) is weak, lowering 0.6% and completely retracting the Rally driven by the ECB (and the US PPI) on Thursday, fading again to the psychologically important level of 1.15.
The medium -term perspective remains bullish
“The fundamental perspective for the EUR remains favorable, given the change in the perspective of the relative policy of the central banks, since the ECB leans towards a neutral posture while the markets anticipate a greater relief by the Fed.”
“The publication of softest data on trade and industrial production has aggravated the fall driven by Friday’s feeling, however, we remain bullish on the basis of medium -term trends and we expect more profits through the FOMC meeting next week.”
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.
