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17 Mar 2014
EUR/USD opens week above 1.3900
FXStreet (Córdoba) - The EUR/USD started the week around 1.3910/15, at the same price level it close last Friday. Price action remains steady early in Asia across the board.
Last week the Euro posted the sixth weekly gains in a row against the US dollar, ending at the highest level since October 2011.
EUR/USD quiet despite Crimea
Despite the crisis and the referendum in Crimea, the Euro continues to show resilience. “While the German ZEW survey and Eurozone current account balance are scheduled for release next week, the currency will take its cue from the outcome of the Crimea referendum and the FOMC rate decision”, said Kathy Lien, Managing Director at BK Asset Management.
The central bank of the US will announce it decision on monetary policy next Wednesday. No change is expected regarding interest rates but another cut in the purchase program is expected by analysts.
Last week the Euro posted the sixth weekly gains in a row against the US dollar, ending at the highest level since October 2011.
EUR/USD quiet despite Crimea
Despite the crisis and the referendum in Crimea, the Euro continues to show resilience. “While the German ZEW survey and Eurozone current account balance are scheduled for release next week, the currency will take its cue from the outcome of the Crimea referendum and the FOMC rate decision”, said Kathy Lien, Managing Director at BK Asset Management.
The central bank of the US will announce it decision on monetary policy next Wednesday. No change is expected regarding interest rates but another cut in the purchase program is expected by analysts.