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EUR/USD taking another dip and a bear run - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the EUR is down to 1.2773 on the day.

Key Quotes:

“The EUR/USD took another dip, with the greenback surging across the board. Dollar surge began late European session, and much better than expected new home sales, that reached a six year high, fuelled the rally”.

“European data released earlier on the day, showed business confidence in Germany dropped, with the IFO survey down to an over a year and a half low, which highlighted the economic imbalance between both economies”.

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