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Back Fundamental analysis
EUR and GBP recover after Asian plunge, but USD still in control
After Monday's drop to a 17-month
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After Monday's drop to a 17-month low, the euro moved higher on Tuesday, and the weak European retail print seemed to go unnoticed. The pound joined the rebound thanks to an unexpectedly decent report from UK builders. The dollar remains the strongest of the three currencies, and both pairs are moving up more from inertia and relief in the sovereign bond market than because anyone believes a new trend has begun. This morning Europe reported retail sales for August, and the
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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