EURUSD July 5, 2018 Weekly Analysis

Thursday, 05/07/2018 | 06:40 GMT

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The U.S. Dollar resumed appreciating against the Euro after a breakout in April. The reasons might be the GDP growth for the first quarter and Europe's slightly recent negative data in place. Furthermore, the spread between the U.S. and the EU benchmark rates is at all-time highs while Italy's political turmoil in May weakened the Euro too. In contrast, some U.S. fundamentals make the traders and the investors somehow cautious about the dollar over the long-term. The deficit continuation is a major problem for the United States and this could give some room for the greenback to weaken further.

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Source: https://www.exclusivecapital.com/eurusd-july-5-2018-weekly-analysis/

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