Euro-Dollar Exchange Rate Sees Fourth Consecutive Weekly Advance Amid Weakness in US Labor Market
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#5fbc89c3 ver:0.64

The Euro to Dollar exchange rate has risen for the fourth consecutive week due to weakness in the US labor market. If next week's US inflation report is lower than expected, the Euro-Dollar exchange rate is expected to continue its upward trend. Goldman Sachs has revised its 6-month forecast to 1.05, while other banks believe a slide to parity is less likely due to signs of recovery in the Euro-Zone economy. The US growth-related data was weaker than expected, leading to speculation that the Federal Reserve will not cut interest rates in the near future. The Euro-Zone's recovery and a weaker US economy could have significant implications for currency markets....

#newstr #Eurodollar #ExchangeRate #UsLaborMarket #DollarWeakness #InflationReport 

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