Dear Trader,
Last week was marked by intensive focus on the euro as a single currency and its correlation with the dollar as a pair. Data from both currencies’ zone was wobbling between negative and positive so much so we could see ups and downs in the pair’s market movement.
On the one hand, the euro strengthened by news of approved bail outs to Portugal and steps of Greece
On the other hand, the dollar was less performing with more weak economic data than strong one signaling the stalling economic growth.
