💶📉 Euro Following Equities Down, Not Up
- Rosbel Durán
- Jul 7, 2022
- 1 min read
We have seen the Euro test a 20-year low today vs the USD, spot is trading near 1.0150. The move trims the gap to parity as it has declined a 4.4% over the last 20 sessions
Previously, we noted EUR not being favored by ETF outflows from the region and the U.S. tracking the most inflows on a YTD basis. Also, the cross has been tracking EU equities lower. Today we see the relationship not playing along as the region equities recovered while EUR/USD went down to test fresh lows
All main European equity indexes closed in the green today, Euro Stoxx finished the day up 1.95%, EUR/USD down 0.23% on Thursday session
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