EUR/USD sold the fact of Macron’s expected ascendancy to the French presidency. After a false break above 1.10, the pair turned to the downside. The drop was not limited to the US dollar: the common currency slipped across the board. EUR/USD is now extending its losses below 1.09, reaching a new low at 1.0893. Further [...]
The post EUR/USD extends falls on dollar strength appeared first on Forex Crunch.
Everything is going against the Australian dollar. The latest blow came from the publication of retail sales. The volume of sales in April dropped by 0.1% against expectations for +0.3%. To add insult to injury, the figure for March was revised down by 0.1%. Year over year, consumption is up 2.1%. By another measure, q/q sales [...]
The post AUD/USD extends fall on weak retail sales appeared first on Forex Crunch.
The euro sold the fact on the victory of Emmanuel Macron. What’s next? Here are two opinions, putting the common currency against different counterparts. Here is their view, courtesy of eFXnews: EUR: 2 Challenges N-Term & A Period Of Choppy Trading: What’s The Trade? – SocGen Societe Generale FX Strategy Research’s first reaction following yesterday’s [...]
The post What’s next for the euro? Dip buying? appeared first on Forex Crunch.
