The currency pair EUR/USD hits 1-month lows

Market news

13 May 2014

The currency pair EUR/USD hits 1-month lows

The currency pair EUR/USD hits 1-month lows due to the weaker-than-expected economic data from the Eurozone and Germany. The ZEW Centre for Economic Research released the economic sentiment figures for May. German economic sentiment slid to 33.1 in May from 43.2 in April. Analysts had expected 41.3.

Eurozone’s economic sentiment declined to 55.2 in May from 61.2 in April. Analysts had forecasted 63.5.

Orders

European stock markets mid session: stocks increased, still supported by European Central Bank President Mario Draghi's comments last week

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.