$EURUSD - Euro Takes Strong Position:
Enter your email could rise further in the coming days in an attempt to recover the 1.02 resistance if all goes well for the European Central Bank and Eurozone economies this Thursday.
when it traded below par with the dollar for the first time since 2002 last week, but later saw a significant rally that ended the period near the 1.01 support.It was after US Fed rate setters, including Governor Christopher Waller, James Bullard, and Atlanta Fed President Raphael Bostic, appeared to pour cold water on the popular notion that the Fed could raise rates. US down 1% later in July.
To the extent that this occurs, the EUR/USD rate could continue to benefit, although the most important determinants of the single European currency outlook will be Thursday's European Central Bank policy decision and concurrent developments in European natural gas markets.
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