Morning FX Market Commentary

EUR/USD drops below 1.30 mark

The dollar was well bid across the board yesterday with USD/JPY returning north of 100. Later in the session, additional euro weakness due to political uncertainty on Portugal pushed EUR/USD below the 1.3000/1.2985 support. Today the focus will be on the US eco data. Strong data in the US and overall market uncertainty might keep EUR/USD under pressure.

Read the full report: FX Daily

 

KBC