EUR/USD: further declines likely, but sustainable losses not yet seen

7 febrero 2017, 17:43
araceli mendoza ramirez
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Broad dollar's strength dominates the FX board this Tuesday,  with the EUR/USD trading near a daily low of 1.0655 achieved early London. The common currency is being weighed by arising political concerns all through the region, but given dollar's recovery against all of its major rivals, it seems the market is ready to retake its long dollar's stance. In Europe, the macroeconomic calendar was light, although the only piece of data released disappointed, as German's Industrial Production contracted by 3.0% during last December and when compared to the previous month. But focus remains in politics, with Marie Le Pen leading polls in France and Angela Merkel's party losing the first spot in polls.
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