Will
the Euro continue its bullish trend?
Aug
27th 2015
The
single currency has started its recover after the investors hopes have been
diminished as the Federal Reserve stated that the bank needs more time before
hiking its interest rates. And the concerns about the slowing economy in
China have reinforced expectations
that the Fed will delay rinsing the interest rates, and pushing the investors to
turn to safe-haven assets. As a result, the Euro recovered significantly against
the U.S Dollar. Furthermore, the upbeat German Ifo business confidence index has
also supported the bullish trend of the EUR/USD to recover above $1.1330. And
today the investors will keep a close eye on the U.S GDP prices index and the
Initial Jobless claims data to search for more clues about the strength of the
U.S economy.
