Eur Review

Western Union:The euro pushed above one-month lows against the greenback, benefiting from month-end book balancing and hopes that Greece would eventually secure much needed rescue cash to keep fiscally afloat and a member of the euro bloc. The euro’s tentative bounce Friday helped it pare losses on the week and month. The euro could strengthen further if and when Greece wins more rescue cash. However, Europe’s still shaky economic prospects and low rate policies contrast the picture in the U.S. where interest rates appear on course to rise over coming months. Critical data looms next week for the euro with inflation expected to improve to 0.2 percent in May from zero in April while the bloc’s jobless rate is expected to fall a notch to 11.2 percent in April.

The material has been provided by InstaForex Company – www.instaforex.com

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