View Full Version : EUR/ USD Daily Fundamental Analysis 25 May 2012

05-25-2012, 07:58 AM
Good morning all,

The dollar remained firm against the euro, pushing the shared currency to a 22-month low, weighed down by worries over lack of growth in the euro area, a weak German manufacturing data, and a potential Greece euro-zone exit. Europe’s economy signs of a slowdown and next month Greece vote will maintain the selling pressure on the euro. The EUR/USD is poised to remain in a bearish trend, any breach of 1.25 opens the way to the 2010 low of $1.1877.

The Swiss franc CHF weakened after renewed attention of more central-bank intervention. The USD/JPY supported by importers, short-covering and potential additional monetary easing by the BOJ.


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