Euro Tumbled Broadly as ECB Hinted June Easing, More Downside Ahead? Euro was the biggest mover last week, together with the Swiss Franc, after ECB hinted at June easing. Weakness in Euro also dragged down Sterling, which originally extended recent uptrend to the highest level since 2009. The Japanese yen were generally firmer but was overshadowed by some commodity currencies as stock indices pushed back towards historical highs. Commodity currencies were mixed. Australian dollar was boosted by solid employment data and was the strongest currency last week. However, Canadian dollar pared back much of the week's gain following disappointing job data. Kiwi was indeed weak after disappointing job data too. The development last week left us with a question of how weak the Euro could be. Full Report Here... | 
|
No comments:
Post a Comment