The euro is having one of the most positive weeks against the U.S. dollar in two months, as a risk appetite wave brought investors to purchases euro-priced assets.
The euro is climbing significantly against the U.S. dollar and may soon raise concerns that exporters in the region will be affected, if last year’s rally would be repeated, in which one euro traded up to $1.60. Concerns regarding the U.S. dollar as the main global reserve currency also add for a negative sentiment towards the greenback, which may experience further losses in this week and the ones to follow.
EUR/USD traded at 1.4128 as of 13:22 GMT from 1.4085 yesterday, the highest value since July 2.
If you want to comment on the Euro’s recent action or have any questions regarding this currency, please, feel free to reply below.
This entry was posted on Thursday, July 16th, 2009 at 2:26 pm and is filed under Euro. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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