Euro resilience helps Monex top rankings

US dollar has not been helped by poor economic data



Monex Europe topped last week's three-month currency forecast rankings after backing the euro to not weaken significantly against the US dollar, despite market expectations that the European Central Bank (ECB) would take measures to weaken it.

On April 25, with EUR/USD trading at 1.38, Monex Europe's head of foreign exchange market analysis, Eimear Daly, believed that despite the inherent weaknesses within the eurozone, capital flows into the single-market currency

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