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Euro to US Dollar Exchange Rate to Retreat to 1.03 say Danske Analysts

From exchangerates.org.uk

The Euro to Dollar (EUR/USD) exchange rate fell back from weekly highs on Friday to trade around $1.0708. USD rates were bolstered by strong US NFP data that showed the US economy added 339K jobs, above market expectations of 190K. Overall, US data releases have remained mixed with evidence of increasing divergence. The manufacturing sector has remained clearly in recession with the ISM manufacturing index in contraction territory below the 50.0 level for the seventh successive month. The services-sector data, however, has been stronger with solid expansion. The potential confusion was illustrated by the latest US ... (full story)

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  • Category: Fundamental Analysis