19.04.2019: How to rescue euro? (EUR, USD, GBP)
6 keer bekeken
Thursday's events influenced Friday’s market sentiment. The US dollar stabilized after rising to more than 2-week high. The euro still remains under pressure.
Sellers of the EUR/USD pair rejoiced as the single currency collapsed on Thursday after the release of worse than expected data from Germany. Meanwhile, the greenback soared on upbeat US economic data. Thus, the US dollar gains momentum amid the current economic outlook.
The US dollar remains steady after a sharp hike while the euro is trying to recoup losses. The EUR/USD pair is hovering at $1.1246 compared to $1.1230 at the close of the previous session. Today, most of the European trading floors are closed ahead of the Easter weekends. Therefore, the market is flat. The EUR/USD pair is likely to keep moving sideways in a tight range at $1.1235 until Tuesday, and may return to the balance line at $1.1270.
The volatility of the pound sterling has decreased as well as the euro’s. The GBP/USD pair is trading with a slight increase at $1.2997 after falling to the lowest level since the end of March. On Thursday, optimistic data from the UK was out. However, it did not let the pound sterling grow whereas the US dollar, on the contrary, gained ground. Hence, the GBP/USD pair has started a new downward trend. Traders feel worried about the lack of news over Brexit. It may influence the GBP/USD pair negatively causing its strong decline in future.
At the moment, investors are showing restraint considering the possible consequences of the investigation into Russia's interference in the 2016 US elections.
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