The USD can be the G10 currency with the worst yield so far this year, but the EUR is struggling to significantly leverage the softer tone of the dollar. Measured since the beginning of February, the single currency is the second currency of the G10 with the worst performance after the USD, says Rabobank FX analyst Jane Foley.
EUR/USD struggles to keep ruptures above 1.05 level
“Although the EUR/USD is negotiating comfortably above this year’s minimum, it has struggled to keep ruptures above 1.05. A weak EUR will probably be well received by European exporters. We are still waiting for the EUR to be a bad performer this year. “
“Although the weakness of the USD can be explained by a change in the market approach to the risks of inflation and growth facing the US economy, the prospects for the EUR remain cloudy due to structural problems within the eurozone that They are hindering growth, combined with new concerns about defense. “
“The change of US President Trump over Ukraine and European defense guarantees highlights Europe’s vulnerability on this front. We continue to see the risk that the EUR/USD moves downward towards the middle of the year. That said, we favor the sale of EUR/JPY and we look for a rupture of the level of 155 in the EUR/JPY in a perspective of 1 to 3 months. “
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.
