T he dollar is making a comeback following a slew of positive data points.
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A rare bearish chart pattern is providing a potentially negative omen for the euro to dollar pair.
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The dollar rose on Wednesday after Fed Chair Janet Yellen said the Fed would continue along its current course, striking a mildly hawkish tone during her testimony to Congress.
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Led by German collosus Deutsche Bank, euro-area financials are having a torrid time of late, and some analysts think this could make the ECB more bold when it comes to deciding on further easing.&n…
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Danske Bank say the euro to dollar exchange rate should be at 1.28, not at the 1.11 area we are presently witnessing.
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The euro will moving into centre stage this week, we look at the charts and the fundamental calendar to ascertain where the currency complex could be headed next.
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The sharp rally in the euro to dollar exchange rate witnessed over the course of the past 24 hours has seen a clean-out of speculative positions.
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