On Monday, the EURUSD has continued to fall again. By the close of trading, the euro fell against the dollar by 0.4% to 1.1274, while the morning and fall was less dramatic in the middle of the day. On the single European currency negatively affects the aggravation of political protests in France.
In addition, the euro partly shattered positive for the Russian statement of the Italian Deputy Prime Minister Luigi Di Maio that the Italian Government intends to seek from Brussels and EU partners the complete abolition of the anti-Russian economic sanctions because of Russian retaliatory sanctions Italian business incurs significant losses . The news has been "read" the market as the lack of unity in the European Union, which increased the decline of the euro, continuing continuously from 31 January.
On Tuesday morning the EURUSD is trying to grow slightly, adding 0.05% to yesterday's closing. In principle, the euro still has far to fall: the EURUSD is close to the minimum level reached in November 2018, so that the potential reduction in the region of $ 12.1 to the euro while keeping. However, from these levels on positive news possible growth of the single European currency to $ 1,13-1,135 per euro.
Today in the euro area is expected the following events:
- 11:00 (GMT + 3) - statement by the head of the Bundesbank Jens Weidmann in Germany.
- 14:00 (GMT + 3) - The consumer price index in Portugal in January.
Eur usd EURUSD Forecast for today analytics Alpari