Jorge Ricardo Escobedo Torres
Jorge Ricardo Escobedo Torres
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Jorge Ricardo Escobedo Torres
Jorge Ricardo Escobedo Torres
Good afternoon traders,

The strength of America The US and European vaccine problems are taking their toll on the daily operation. According to macroeconomic analysis, confidence in the North American economy has been strengthened under the leadership of the new US president. Joe Biden in the face of chaos in European economies due to the conflict between pharmaceutical companies and the EU institutions.
Yesterday the euro touched daily lows of approximately $ 1.20 with decreases of more than 0.5% daily. Likewise, the positive data for unemployment claims compared to the negative data regarding the European economies would further motivate the fall in the coming days.

In addition, according to new stock market analysis and market signals with the vaccination delay, a possible future drop in GDP is expected in the first quarter of this year.

Taking all of the above into account, some analysts are changing their view of the euro by observing how some economic agents are shedding their long positions while other analysts observe that the euro may return to pre-November 2020 trading levels.
Jorge Ricardo Escobedo Torres
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