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Currency Analyst since 2010

EUR/USD fell to new low at $1.3332

EUR/USD slid on the negative economic data. According to the figures released today, Italian GDP contracted by 0.2% in Q2. In addition, the euro zone’s retail PMI slipped from 50.0 to 47.6. German factory orders released earlier today fell by -3.2%.

The sentiment is also worsened by the reports that European airlines are confronting possible disruptions in service to northern Asia as Russia considers curbing flights across Siberia to retaliate for sanctions imposed because of the Ukraine crisis.

EUR/USD renewed 2014 low sliding to $1.3332.

Chart. Daily EUR/USD

 

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