EUR/USD not helped by todays data - BBH

By FXstreet.com | Updated July 30, 2014 AAA

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 reaction to Greece limited, upside potential ahead – Growth Aces

  2. Forex News

    EUR/JPY, EUR/USD Triangles Continue to Develop Downside Potential

  3. Forex News

    Outlook for FX majors – Littlefish FX

  4. Forex News

    EUR/USD recovers to 1.0690

  5. Forex News

    Grexit remains a concern – TradeTheNews

Trading Center