The euro exchange rate complex is under pressure following the release of disappointing PMI figures.
“We maintain our expectation of near-term euro weakness, as prospects of policy tightening comes into sharper focus in the US and UK.” - July exchange rate forecast update from Lloyds Bank.
The euro exchange rate complex came under pressure on news that the ECB will keep its monetary policy unchanged. But, there is the sense that the Eurozone economy is getting better.
The European Central Bank will push the euro further as it takes action required to keep peripheral Eurozone countries afloat says a new exchange rate forecast.
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