The common European currency has been under the seller’s pressure since Tuesday. The currency pair has been going down from 1.2839. The currency pair went down to 1.2613 yesterday and then recovered a little bit. At this point, this is the low of the week.
After hitting today's high at 1.3524, the common currency declined down to 1.3518 at the beginning of the European trading session. The decline was caused by weaker-than-expected economic data from Germany published a couple of hours ago by Destatis.
At the times of rather tense economic situation in Russia and CIS countries more and more citizens are obliged to look for alternative ways of earning. Once popular bank deposits have become meaningless as a source of passive additional profit – 7-8% per annum does not cover inflation. Therefore, many people “go to” Forex – the world’s largest financial, owing to innovative technologies of which even beginners can get stable and high profit from every deal.
Today, on July 17th, the US Dollar is trading within a pretty tight price range against the common European currency tight in advance of another inflation report coming from the Eurozone. Yesterday, on July 16th, the USA imposed even tougher sanctions on Russia, thereby blaming it for escalating the Ukrainian conflict. The EU is expected to support those sanctions.