Dmitri Lysenko
During today’s European trading session, the common European currency weakened against the US Dollar. The currency pair reached another local low. In particular, EURUSD dropped below 1.28. This is the lowest level since November 2012.
The recent Italian bond auction had controversial consequences. Moreover, European economic stats turned out to be weak. Apparently, these factors pressed the currency pair, thereby making it decline once more.
At this point, EURUSD is trading around 1.2776. For comparison sake, yesterday’s price was 1.2861.
The chart below, courtesy of , reflects the current state of affairs in the market of EURSD:
Dmitri Lysenko
