Author: Nazario Rodriguez

CURRENCY OUTLOOK: EURO WEAKENS AS MARKETS REIN IN RATE HIKE EXPECTATIONS, US DOLLAR REBOUNDS ON FRESH FED BETS

Euro EUR/GBP: Down from £0.88 to £0.87 EUR/USD: Down from $1.10 to $1.07 The euro weakened at the end of April after Eurozone GDP missed forecasts, before the start of May brought more headwinds for the sin- gle currency as markets responded to the European Central Bank’s (ECB) interest rate decision. The ECB slowed its […]