FX Week

Euro holds on to gains, but doubts remain

MARKET NEWS

FRANKFURT -- The euro held most of its gains against the dollar last week, despite news that could have sent the currency packing, analysts said.

A pay-dispute strike by tens of thousands of metal workers in Germany, which highlighted the need for eurozone structural reform, and a mid-week rally in Wall Street equities, failed to stop the euro pushing even higher versus the dollar to $0.917 on Wednesday (May 8). "This shows how much sentiment has turned," said one FX trader at a US bank in Lo

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: