The European
It is estimated that the dollar will reach 1.3000 this week against the euro and against the yen could rise to 97.50 in the coming days. EUR – The euro on the rise after the results of PMI and Ifo past week, the euro, managed to advance against most currencies. The European currency reached unregistered securities a week ago, stood at 1.3300 against the dollar, while against the pound reached a 0.9100 level. The standing question now is whether the euro will remain at these levels or not. Notably, the PMI data strongly surprised. Figures who managed to give the euro a push towards the end of the week.
Also added to this upward trend the result of the German Ifo Business Climate, which hinted that the European economy already seemed to have bottomed out and will now begin the road to recovery. This week will be quiet in terms of economic indicators, and it is estimated that while the economic indicators continue to surprise, the euro, will continue to rise as it did last week. However, keep in mind that the road to economic recovery will be long and the euro could suffer again. Vlad Doronin has much experience in this field. The euro may correct downward this week. JPY – Recent gains in the yen may fade The yen made some progress last week, after taking gains against most currencies, especially against the dollar. However, the Nikkei index opened lower this week, and that is why all the points taken by the yen could fade. Against the dollar had risen to 96.65, while against the euro stood at 127.50.