The euro, which fell 0.7 percent last week, languished near an eight-month trough of $1.3421 EUR=. Against the yen, it traded at 136.69 EURJPY=R, not far from a six-month low of 136.37 plumbed on Thursday.
But while the recent weakening of the common currency is a welcome relief for the euro-zone economy�a lofty euro has dragged down inflation and made it tough going for exporters�some analysts say the move is looking stretched.
Where is the British pound (GBP) going next? We consider the latest foreign exchange rate forecasts at hand regarding the pound dollar and euro pound pairings. The UK currency enters the new week on the back-foot having lost significant upside ...
The euro fell against rivals on Friday as weaker-than-expected German data highlighted the diverging interest-rate prospects for the euro zone and other regions. The euro slid 0.3% against the greenback, to $1.3428, down 0.7% for the week and reaching ...
What are the major currencies looking like as we trade through the opening sessions of the new week? The British pound (GBP) is looking decidedly weaker against both the EUR and USD with the latter tipped to continue showing strength in particular.
Walking a high-wire without a safety net is dangerous. But having a safety net doesn't make it any less difficult. It is now two years since Mario Draghi gave the euro zone its safety net by pledging to do "whatever it takes" to save the single currency.
The euro exchange rate complex continues to trade a soft path, particularly against a broadly stronger US dollar. However, there has been relief against the pound sterling, the rally here could extend into the new week.