FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman today’s data did not help the euro.



Key Quotes



"Today’s data did not help the euro. German factory orders came in at -1.7% m/m in May vs. -1.1% expected and 3.1% in April."



"Also of note, the euro-sterling cross made a decisive break below the 0.80 level this week, returning to levels not seen since late 2012. On the other hand, Italy’s Istat published the budget figures today showing that the Q1 deficit shrank to 6.6% from 7.3% in Q1 of last year."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD in red below 1.10

  2. Forex News

    Euro Drops on Spain Election Outcome, Yen Down After Trade Data

  3. Forex News

    EUR/USD: bears taking control? – BBH

  4. Forex News

    USD longs are on their way back - ANZ

  5. Forex News

    EUR/USD: Selling-off on Greek headlines

Trading Center