Our latest forecast report concerning the euro to pound sterling and euro to dollar currency conversions.
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Strategists at BNP Paribas have told clients they see value in playing the euro / dollar exchange rate to the downside.
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Will the euro continue to fall against the dollar or will recent strength continue and invalidate the near-term negative scenario?
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The euro exchange rate complex is under pressure following the release of disappointing PMI figures.
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“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.
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But currency market watchers are warned that a repeat of last week’s 3% drop in the euro to dollar conversion is unlikely.
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After a busy mid-month period the euro dollar exchange rate (EURUSD) we look at the next possible targets.
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