During the last hours we have seen the EUR/USD reaching its lowest level since September 2007. The pair touched a new one-year low with the pair losing more than 900 pips in less than two weeks.
Along today’s European and US sessions most of our experts and contributors wanted to give their own analysis of this situation. Kathy Lien, Director of Currency Research at GFT (Global Forex Trading), wrote a special report about this topic where she said: “3 primary factors continue to drive the Euro lower against the US dollar.
- 1. Oil Prices Fall Despite OPEC Cut: There is a 70% Correlation between EUR/USD and Oil YTD
- 2. European Commission Cuts Eurozone Growth Estimates
- 3. Risk Aversion: 1 Month ATM EUR/USD Volatility Hits Highest Level Since September 2001”
Her report and many others have been gathered together in this special coverage about US Dollar.
In-Depth Analysis
- · How Much Further Can the Euro Fall? by Kathy Lien, GFT
- · Daily Market Briefing Euro/US Dollar – Why the Decline May Not Continue For Much Longer by Terri Belkas FXCM
- · Daily Analysis - Dollar advances on news that Europe's economy will slow faster by Finotec Group Inc.
- · Daily Market Commentary - The dollar rallied across the board on Wednesday by GFT (Global Forex Trading)
- · Overnight Briefing - The dollar hit 11 month high versus euro by Jyske Bank
- · Daily U.S. Forex Summary - The euro weakened against the dollar and the yen by Union Bank of California
Related News
- · Euro At Fresh 1-Yr Low Vs Dollar As Risk Aversion Picks Up (Dow Jones)
- · EUR/USD: The lowest yearly level (FXstreet.com)
- · Dollar, Yen Extend Broad Gains As Risk Aversion Mounts (Dow Jones)
- · Dollar extends losses versus yen on trade data (Thomson Financial News)
- · US dollar hits 1-yr high vs euro;stocks slide (Thomson Financial News)
- · Dollar bought back, hits one-year high vs euro (Thomson Financial News)
- · Dollar hits one-year high vs euro, kiwi sinks (Thomson Financial News)
- · Dollar rallies broadly, hits 1-yr high vs euro (Thomson Financial News)
Blogs
- · FX Market Readings - Breaking psychological levels by Dr. S. Sivaraman
- · FX Path - EUR/USD Update - Hugging Channel Bottom by James Chen
- The Advisor Blog - Eur/Usd short and long term analysis, Usd/Jpy for today, Gbp/Usd long and short term by Valeria Bednarik
