Weekly: FX – EUR/USD continued to move higher

by: Georgette Boele

Last week saw further rises in EUR/USD. This reflected that the better-than-expected eurozone data helped German yields to rise at a faster pace than US yields, while the dollar also came under pressure on the back of a Wall Street Journal article that suggested that the Fed might step up its forward guidance. Still, a recovery in the US in the second half of the year should help the dollar to strengthen again.