These days there was an impressive rise of the USD against the EUR currency compensating maybe one sixth of the whole fall of the Dollar in the last 1 year. That all came as a consequence after the statement of the financial adviser Yves Mersch who stated that the economy in Europe is about to stall for a while in the next month or two or even first half of the year, but that is just a potential analysis that is not guaranteed. Anyway, the levels of the EUR in NY last week were great for the USD as it first fell from 1.4833 to 1.4755 and finally to 1.4697. But after all we are expecting a general tendency of constant fall for the USD in the next 1-2 weeks as there are many important financial events in the United States and all trader's and transferrer's attention is there.
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