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Currency Analyst since 2010

Euro found technical support

The US dollar remains near more than a week highs as traders focus their attention on the prospects for the higher Federal Reserve’s interest rates. American data released on Tuesday showed that US new home sales increased to a more than 7-year high in May and manufacturing industry expanded in June. On Wednesday the US will release final Q1 GDP at 12:30 GMT.

EUR/USD found some support in the 1.1150 area. Greek Prime Minister Alexis Tsipras will meet the ECB President Mario Draghi, the IMF head Christine Lagarde and the European Commission President Jean-Claude Juncker on Wednesday afternoon. Then the euro zone’s finance ministers meeting will start at 17:00 GMT.

 

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