Source: ForexYard
Following a week of ups and downs across the board, the euro is again finding itself in a downward slide. This morning the EUR/USD was traded at $1.3168, marking a 0.25% drop from the previous trading day. The decision last week by the ECB to inject capital into the euro-zone banking system had a positive impact, however, it is becoming clear that these impacts have since faded. Already investor confidence in the euro is showing signs of cracking and worries over the Greek debt crisis persist. Analysts are alerting traders of the possibility that the euro will continue to weaken against the dollar.
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