The dollar keeps getting worse and worse ... Will we see a reprieve Friday?
The dollar has been struggling lately, having been over 1.11 vs EUR since 5/16 and currently trading at 1.122 as US market opens.
EUR/USD has steadily weakened since the start of the year. For the sake of perspective, a 100,000 EUR payment has become about $7,000 more expensive.
Broadly speaking it is a result of political instability in the West as a whole along with middling economic data in the US.
The market is risk-averse at the moment so don’t expect too much USD movement until Friday when we see the release of US unemployment data.