EUR/USD: dollar ending a tad lower on slow start in US - FXStreet

Ross J Burland FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the American dollar ended marginally lower this Monday, falling alongside with Wall Street in a slow, uneventful start to the week.

Key Quotes:

"The EUR/USD pair added 20 pips from Friday's close having been unable to advance beyond the 1.1000 level, supported partially by a better-than-expected German IFO survey, showing that local businesses were barely affected by the Brexit, as the headline index slipped from 108.7 to 108.3, against market's expectations of 107.5.

The assessment of current conditions rose to 114.7 from previous 114.6, while expectations edged lower to 102.2 from previous 102.2, but beat the 101.2 forecast.

In the US, the Dallas FED manufacturing business index came in for July at -1.3 from previous -18.3, but barely affected the market."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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