Negative pressures pile on euro this week

Economies.com
2017-02-09 16:16PM UTC

Euro fell on Thursday as negative pressures kept gripping the common currency due to political tensions in the Eurozone, with investors shunning risks and heading for safe havens like gold.
 
EUR/USD last traded at 1.0666, down from the opening of 1.0693, with a session-high at 1.0711, and a low at 1.0657.
 
Euro returned lower after registering a one-week low yesterday before closing higher, with traders still selling to take profits as the dollar rose today, hurting rivals.
 
Increasing concerns in Europe about the French presidential elections as the Far Right Candidate competes strongly against globalism, while promising a referendum to exit the European Union if France failed to mend its membership.
 
Also the debt crisis in Greece has opened anew while the German Chancellor's chances of winning in the next elections according to the last poll, leading to tensions in the Eurozone and hurting the euro.

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