FXStreet (Guatemala) - Eric Theoret, Currency Strategist at Scotiabank noted that the EUR is an outperformer among the G10.



Key Quotes:



"France is alone among its major euro area peers in maintaining a sub-50 (contractionary) PMI of 47.8, however the mitigation of downside concern is important in an environment of low, disappointing euro area growth. We remain biased to further downside in EUR, with an updated forecast highlighting a year end target of 1.3000."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Video: AUDUSD, GBPUSD and USDJPY Better Trade Options Than EURUSD

  2. Forex News

    Greece Referendum Makes for Big Headlines, Difficult Trading

  3. Forex News

    What to Expect From the Greek Referendum

  4. Forex News

    EUR/USD looks to Greece for direction

  5. Forex News

    EUR/USD awaits steady the Greek referendum

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!