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.