The US Dollar is forecast to retain a bullish outlook by analysts at Westpac whose tripartite currency forecasting model suggests the EUR/USD exchange rate is headed lower. The Euro fell against the US Dollar on the final trading day of the week gone by as … Euro's intra-day choppy trading is likely to continue and although another bounce to 1.1258-60 (61.8% Fibonacci retracement of 1.1341-1.1123) cannot be ruled out, reckon upside would be limited to 1.1290-00 and price should falter well below resistance at Will the indicator repeat and handily beat the estimate? InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading. confirming one of our theses laid out in this week's Euro Trading forecast. - US Dollar on increasingly strong footing post-Jackson Hole, but needs ADP to shore up confidence pre-NFPs. - August is typically a bad month for risk and a good month for the US Deluded top Euro judge claims Brexit could NEVER happen Theresa May tops as most favoured political leader It also follows expressions of interest in trade deals from at least 27 countries around the world with record manufacturing and employment figures Looking at the most actively trading currencies, the share of the US dollar increased to 88 percent, which is higher by one percentage point. The euro remained in second spot with 31 percent, but declined by two percentage points. This marks a continued .
With Nobel Prize Laurate, Joseph E. Stiglitz, professor of economics at Columbia University. He is a former chief economist of the World Bank and is former member and chairman of the (US president’s) Council of Economic Advisers. He is known for The BIS said the geographic shift was due to increased trading of dollar-denominated swaps relative to euro-denominated instruments. More from Bloomberg.com: Why September Could Be Huge for Markets All Around the World The U.K.’s June 23 vote to leave Once upon a time, signs the Federal Reserve was gearing up to increase rates would have been big news for the euro. Policy divergence was a key focus for foreign-exchange traders. But times have changed. True, the euro declined against the dollar in the The Euro Stoxx 50 Multi-Asset Momentum Risk Cap Indices combine Feldman said: “With the focus on reduction of risk, it is natural to assume that there is a return trade off; however there is much academic research and increasing empirical evidence .