Forex news, EURUSD. At the end of last week US stock indexes were rather weak, and it was only on Friday that the market considerably extended. Price drop has been caused by concern about slowdown of economic growth, which followed the released information about GDP of China. Constant problems of eurozone and additional growth of income from Spanish government bonds stipulated the decline of EURUSD.
Euro keeps falling at Forex stock exchange, thus showing negative dynamics towards dollar second week in a row. By the time Wall Street trading was over euro was had been sold at 1.3080 US dollar. In comparison to previous day this was a decline by 0.8 percent. Weekly decline of euro has amounted to 0.2 percent. Against Japanese yen, euro has dropped by 0.5 percent, to 106.04 yen.
Speaking about dynamics at forex market, Ilya Presler, the Head of DFWA Department of , explained, "In general, next week I expect dollar to keep rising against major forex currencies, euro in particular. Certain transactions that are to be realized include counting on dollar rate rising from market setbacks. As for euro, for example, from market setback upwards to at least the green mid-line of the picture. Technically, we are to expect trading within the impulse of last correctional sub-wave to the rise of EURUSD since the beginning of the year."
