{"id":148888,"date":"2019-06-03T06:50:04","date_gmt":"2019-06-03T10:50:04","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148888"},"modified":"2019-06-03T06:38:22","modified_gmt":"2019-06-03T10:38:22","slug":"eurusd-expected-decline-to-the-balance-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/eurusd-expected-decline-to-the-balance-line\/","title":{"rendered":"EURUSD: expected decline to the balance line"},"content":{"rendered":"
June 3, 2019<\/div>
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Analysis By Alpari<\/a><\/strong><\/p>\n

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Previous:<\/em><\/strong><\/p>\n

The major currencies showed mixed dynamics against the US dollar last week. The biggest drop came from the pound (-0.65%), followed by the Canadian dollar (-0.55%), the euro (-0.32%), and the New Zealand dollar (-0.25%). The yen (+0.92%), Australian dollar (+0.15%), and Swiss franc (+0.10%) were the only currencies to make gains.<\/p>\n

On Friday the single currency rose to 1.1169 against the greenback on the back of a broadly weaker dollar. This decline just ahead of the weekend may have been brought about by comments made by US Fed vice chair Richard Clarida, who said that he was open to the prospect of cutting rates if the economic outlook worsens.<\/p>\n

Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n