The Euro US Dollar (EUR/USD) continues to trend southwards. The pair is trading just a few ticks lower at US$1.1772. However, this is its 7th straight day of losses.
Euro investors are looking ahead to tomorrow’s ECB meeting. Market participants broadly believe that the ECB will adopt a more dovish tone and attempt to talk down the Euro after comments from the Chief Economist last week, highlight concerns over the Euro’s strength.
US Dollar is advancing on data haven flows after another deep tech selloff over night in the US equity markets. AstraZeneca halting covid trials is adding to the downbeat mood.
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