The EUR/USD will start the week with caution and volatility after ending the previous week on Friday under downbeat and negative pressures.
Last week, the euro managed to end with some gains to cut back on the weekly losses seen in the previous two weeks, ever since Trichet extended any monetary tightening beyond June.
The euro was merely bolstered slightly by the passed bailout for Portugal, whereas the resolution on the Greek crisis was not seen and likely to return to haunt the euro soon. The euro is under heavy pressures as is the market with the growing pessimism over the outlook for the global recovery, which in role is keeping the dollar strong.
Haven demand is supporting greenback and keeping the euro burdened with its debt woes. This week the sentiment is likely to concentrate on the growth outlook while in search of any new developments on the Greek crisis ...For Full Forex News Please Click On Link Below :
Forex News
www.ForexSQ.com
Last week, the euro managed to end with some gains to cut back on the weekly losses seen in the previous two weeks, ever since Trichet extended any monetary tightening beyond June.
The euro was merely bolstered slightly by the passed bailout for Portugal, whereas the resolution on the Greek crisis was not seen and likely to return to haunt the euro soon. The euro is under heavy pressures as is the market with the growing pessimism over the outlook for the global recovery, which in role is keeping the dollar strong.
Haven demand is supporting greenback and keeping the euro burdened with its debt woes. This week the sentiment is likely to concentrate on the growth outlook while in search of any new developments on the Greek crisis ...For Full Forex News Please Click On Link Below :
Forex News
www.ForexSQ.com