XE Market Analysis: Euro Under Pressure Against Surging US Dollar

OVERVIEW The Federal Reserve’s meeting minutes show committee members agree that it might be appropriate to raise interest rates “relatively soon.” US New home sales fell in October to 1.9% to 563,000, substantially below the 595,000 forecast. The ECB warned that recent political upheaval in the UK and the US, along with upcoming referendums and elections in Europe, are raising financial stability risk across the Eurozone. UK consumer credit increased at an annual rate of over 7% in October, the fastest pace of growth in nearly 10 years.  The OECD called for governments to focus on extra spending and tax…

Source: XE news feed
XE Market Analysis: Euro Under Pressure Against Surging US Dollar