The euro once again above parity with the dollar
In August, the decline accelerated to 0.7% despite expectations that it would slow down. In addition to that, the Richmond Fed's Fifth District Survey of Manufacturing Activity fell sharply to -10 from 0 seen a month before. The yield on 10-year US Treasury bonds is also dropping. The dollar is under pressure, and the euro has a good chance of gaining a foothold above parity.
Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.
Why trade with Libertex?
- Get access to a free demo account free of charge.
- Enjoy technical support from an operator 5 days a week, from 9 a.m. to 9 p.m. (Central European Standard Time).
- Use a multiplier of up to 1:30 (for retail clients).
- Operate on a platform for any device: Libertex and MetaTrader.