Price of euro is likely to resume the fall
The price of euro continues to show moderate growth amid weakening US dollar, as well as the publication of a positive situation in the euro area, where the level of investor confidence rose to 5.7 in April from 5.5 in March. In addition, the unemployment rate decreased by 0.1% to 10.3% in February. It is worth noting that despite the gradual improvement of macroeconomic indicators, the price of the euro may resume its downward dynamics in the near future against the backdrop of asset purchases program in the Eurozone, the expected strengthening of the US dollar in relation to the tightening of the Fed's monetary policy and the risk of the UK release of the European Union. We forecast a decline in the euro in the coming months with the objectives to 1,0700-1,0800.
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