Bullish dollar drives euro lower


US dollar strength and Germany’s budget deficit could take the euro to new lows, says Matthew Clements, economist at Prebon Yamane in London

Euro/dollar fell to a one-month low last week, breaking below 0.88 in intra-week trading, as bullish dollar sentiment put the euro under renewed pressure.

The euro now stands on the edge of a significant depreciation to new lows unless US fundamentals or official rhetoric start to change direction. The release of stronger than expected data from the

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