Shared currency near eight-month low as short bets climb

Source: Bloomberg
© Scanpix/AFP
The Euro was 0.4% from its weakest level against the Greenback since November after the investors held the biggest position anticipating the fall in the currency ahead of the ECB meeting this week. The common currency dropped 3.2% during the previous three months following ECB's decision to cut the rates to boost the inflation. The Euro traded at $1.3424 after sliding to $1.3367 on July 30th, the lowest since November.
Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.