Weakening US Economy Can’t Help EUR/USD Stop Decline

EUR/USD fell today for the second day as Fitch Rating downgraded Greece’s credit rating yesterday, increasing worries about the debt crisis in Europe. The current performance of the currency pair is result of a weak euro, not a strong dollar. The US currency isn’t supported by fundamentals as virtually all economic reports today were negative. EUR/USD currently trades near 1.4122.CPI fell 0.2% in...

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