{"id":9417,"date":"2010-05-14T08:36:33","date_gmt":"2010-05-14T12:36:33","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9417"},"modified":"2010-05-14T08:36:33","modified_gmt":"2010-05-14T12:36:33","slug":"euro-may-fall-below-1-25-on-budget-concerns","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/14\/euro-may-fall-below-1-25-on-budget-concerns\/","title":{"rendered":"Euro May Fall below $1.25 on Budget Concerns"},"content":{"rendered":"<p><strong>By Rita Ruvinski <\/strong>&#8211; The EUR was struggling on Friday, trading around 14-month lows  against the U.S. dollar as concerns about anemic growth in the Euro-Zone  dragged it lower. The EUR weakened for a  3rd day against the U.S dollar on concern governments may not cut budget  deficits fast enough after the European Union announced a near $1  trillion bailout.<\/p>\n<p>The British pound was also on the defensive below $1.46, having shed  1.4% on Thursday, hurt by data showing the UK goods trade deficit  widened more than expected in March. That came after Bank of England  Governor Mervyn King said weaker Euro Zone export markets had increased  growth risks for the British economy.<\/p>\n<p>According to analysts the European single currency was likely to be  defended around the $1.25 level on talk of some large option barriers  around there. Still, the outlook for the EUR remains bearish with  investors nervous over the commitment and resolve of EU member states to  make significant inroads in consolidating fiscal positions. Traders say  that if the EUR breaks below $1.25, investors\u2019 selling could push it  toward $1.2330 in the upcoming days.<\/p>\n<p><span style=\"text-decoration: underline;\"><strong><em>Forex Market    Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                     Yard.<\/a><\/strong><\/span><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                     may not be suitable for all   investors.       There    is  a              possibility      that       you   could       sustain a  loss   of  all   of    your           investment and            therefore  you        should   not    invest     money  that   you            cannot afford to         lose. You      should    be      aware of     all       the    risks      associated   with     Foreign       Exchange        trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Rita Ruvinski &#8211; The EUR was struggling on Friday, trading around 14-month lows against the U.S. dollar as concerns about anemic growth in the Euro-Zone dragged it lower. The EUR weakened for a 3rd day against the U.S dollar on concern governments may not cut budget deficits fast enough after the European Union announced &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/14\/euro-may-fall-below-1-25-on-budget-concerns\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Euro May Fall below $1.25 on Budget Concerns&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9417","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=9417"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9417\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}