Euro to fall amid expectations for QE in Europe, JPY rising

The euro continues to fall against the backdrop of quantitative easing, which investors expect the European Central Bank, which plans to start buying government bonds. “We expect the euro to trade between 1:10 to 1:15 dollars if incentives come true” shared by Sumitomo Mitsui. Against the yen, the euro fell to 138.49 yen per euro, a single currency against the dollar fell 0.2% to 9-year lows.

The dollar rose remained supported amid expectations of investors to increase interest rates by the Fed in July, as well as better economic data, the US economy is the best performer.

The yen is the best performing currency in the Asian session, after scoring appreciation to all 16 world currencies, amid cheaper Asian shares due to the lower oil price. The yen rose against the dollar to 117.67 yen to the dollar, which is 2% increase.

Varchev Finance

 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance