XE Market Analysis: North America - Jul 15, 2014
By: XE Market AnalysisEUR-USD tested below 1.36 on the coattails of a sharp EUR-GBP drop following the much stronger than expected U.K. CPI release, while German ZEW data subsequently came in below the median forecast. A sharp drop in the shares of Portugal's Banco Santo Espirito, which was the bank at the centre of last Thursday's Eurozone fracas, also generated bearish fodder for the euro, though EUR-USD managed to recover the 1.36 handle after trading to 1.3587. Read more