Currencies: Euro drifting further south
Yesterday the news flow brought negative news both for the euro and the dollar. The euro was hit the hardest as EMU Q1 GDP growth was reported well below the market consensus. The trade-weighted dollar tested the July 2012 top but the test was rejected. Sterling rebounded as the BoE turned slightly more positive on the UK economy.
Click here to read the full report: FX Daily
KBC