Euro’s Trading Week

EURO COMMENTARY

In a new weekly column, analyst Matthew Clements at broker Prebon Yamane in London looks at the euro’s trading week

The euro came under pressure last week from US data releases, Alan Greenspan’s monetary policy report to the Senate and a stronger yen ahead of the Japanese year-end in March. This followed a period of relative stability for euro/dollar that saw it trading in a range of $0.92 to $0.95 for most of January.

Latest figures show the US slowdown impacting on international funds flows