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.
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