To what extent can the Euro recover?
The Euro seems to be making a small recovery following some slight improvements in the Eurozone’s economic outlook. Will this continue though? I would have thought that the Euro will remain on the weaker side for now but slowly retrace some of the more recent losses. Tonight’s US Federal Reserve Interest Decision is key! If the US outline further cuts to their base interest rate we should see the Euro weaken as the USD strengthens and further funds from the Euro move to the USD.
This weakness on EURUSD will be reflected on GBPEUR and will represent a very good opportunity for anyone buying Euros. For more information on getting the forecast for the Euro and receiving the best exchange rates please speak to me Jonny on [email protected]
Source: http://www.eurorateforecast.com/2015/03/18/to-what-extent-can-the-euro-recover/
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