Back
10 Apr 2015
EUR/USD more than 3.5% down over the week
FXStreet (Córdoba) - The EUR/USD pair is about to end Friday almost 400 pips below the level it had a week ago. On Monday the euro peaked at 1.1038 but then started to move to the downside and bottomed today at 1.0564, the lowest level since March 17.
EUR/USD moved slightly off session lows but near the end of trading was holding below 1.0600, headed toward the second lowest weekly close in 12 years.
Data ahead
The Governing Council of the European Central Bank (ECB) will be held on Wednesday. No change is expected in monetary policy but Draghi’s press conference could impact the euro. In the US, the next FOMC meeting will be held late in April, but next week data on inflation, industrial production and the retail sales will be release.
EUR/USD moved slightly off session lows but near the end of trading was holding below 1.0600, headed toward the second lowest weekly close in 12 years.
Data ahead
The Governing Council of the European Central Bank (ECB) will be held on Wednesday. No change is expected in monetary policy but Draghi’s press conference could impact the euro. In the US, the next FOMC meeting will be held late in April, but next week data on inflation, industrial production and the retail sales will be release.