I do not expect any big change in EUR/USD exchange rate. If we look at the recent trend (technical analysis) there is a strong possibility that rates will stay above 1.4 for quite some time. If you look at the fundamentals combined with technical data LIBOR is expected to come down further. 1 month LIBOR is below 0.3 and 3 month below 0.6. Three month LIBOR by the end of this year might touch the range 0.3 to 0.4. I think this will weaken USD further. I do not see that we would be able to see EUR/USD 1.30 in a month time or sooner.. BUT you never know.. Markets have several times proved all analysis incorrect.
GBP is becoming stronger day by day against USD which is quite the opposite of the economic situation of the UK. Of course there are many reasons and most of them relate to the US economy and US Dollar than the UK and Euorozone.
I do not expect any big change in EUR/USD exchange rate. If we look at the recent trend (technical analysis) there is a strong possibility that rates will stay above 1.4 for quite some time. If you look at the fundamentals combined with technical data LIBOR is expected to come down further. 1 month LIBOR is below 0.3 and 3 month below 0.6. Three month LIBOR by the end of this year might touch the range 0.3 to 0.4. I think this will weaken USD further. I do not see that we would be able to see EUR/USD 1.30 in a month time or sooner.. BUT you never know.. Markets have several times proved all analysis incorrect.
GBP is becoming stronger day by day against USD which is quite the opposite of the economic situation of the UK. Of course there are many reasons and most of them relate to the US economy and US Dollar than the UK and Euorozone.