Forecasts & opinions
On Friday, the 13th of March the euro set a new 12-year low against the U.S. dollar at USD1.0461. One week later the single currency trades above USD1.0650 again - currently about 200 pips above the low. So far so bullish - or at least a phase of stabilization of the 'oversold' euro. Only if there would not have been the skyrocketing euro after the FED statement, trading as high as USD1.1022, just to be sold off a day later.
|remaining time till the new event being published|
- Eurozone PMI falls in March as manufacturing downturn deepens
- Germany output growth at near six-year low as manufacturing downturn deepens
- Chinese Premier Li stresses implementation of larger-scale tax cuts
- Euro area current account surplus increased in January compared with December.