05.09.2016 - The fall of euro is more likely

In the euro zone today, was published statistics on the index of investor confidence, which in September rose to 5.6 vs. expected 5.1 and the previous value of 4.2. This fact points to a weakening of investors' concerns about the consequences of the UK’s exit from the EU. Tomorrow in the euro area will be released data on GDP growth in the second quarter, which may affect the mood of investors. Upside is limited. We forecast a decline in prices in the near future prices may drop to 1.1050 and 1.0985.

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