Dollar declines push euro upwards

MARKET NEWS

The euro may have made inroads against the dollar but, says Matthew Clements, economist at Prebon Yamane in London, the gains came on the back of US weakness

A positive month for the euro in July led to the currency reaching a two-month high last week to above $0.88. However, the rally came on the back of four straight days of dollar declines across the majors rather than from any euro-positive factors from within the eurozone.

Unusually, comments from Fed chairman Alan Greenspan in his semi

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: