DailyMarkets.com - Forex – EUR/USD Weekly Outlook: June 13-17 |
| Forex – EUR/USD Weekly Outlook: June 13-17 Posted: 12 Jun 2011 08:04 AM PDT Forex Pros – The euro slumped to a six-day low against the U.S. dollar on Friday, posting the fist weekly decline in a month as lingering concerns over Greece’s sovereign debt crisis and reduced expectations for euro zone rate hikes weighed on the single currency.<br /><br />EUR/USD hit 1.4321 on Friday, the lowest since June 2; the pair subsequently consolidated at 1.4345 by close of trade on Friday, tumbling 1.8% over the week.<br /><br />The pair is likely … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Weekly Outlook: June 13-17 Posted: 12 Jun 2011 07:27 AM PDT Forex Pros – The pound closed lower against the U.S. dollar last week, dropping to a two-week low on Friday after worse-than-expected U.K. data underlined the view that the Bank of England is likely to keep interest rates low for some months to come. <br /><br />GBP/USD hit 1.6212 on Friday, the pair’s lowest since May 25; the pair subsequently consolidated at 1.6225 by close of trade, dropping 1.15% over the week.<br /><br />Cable is likely to find support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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