US worries give euro a boost

MARKET NEWS

Dire news on the US economy helped the euro bounce higher last week, says Matthew Clements, economist at Prebon Yamane in London

The euro rallied more than two big figures last week to $0.9120, as bearish dollar sentiment was reinforced by the release of very weak US economic data. Unemployment and manufacturing figures for October reported a sharp deterioration in conditions beyond what was generally expected in the market. Furthermore, fears of further terrorist attacks and more negative

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: