The Euro Drop 1.4% This Month

2024-06-27
Summary:

The dollar trimmed gains from the previous session as Treasury yields slightly eased. US new home sales fell last month due to high mortgage rates.

EBC Forex Snapshot, 27 Jun 2024


The dollar pared some of its gains from the previous session as Treasury yields eased a touch. New home sales in the US dropped last month as mortgage rates remained elevated.


The euro was on track to lose roughly 1.4% for the month, weighed down by political turmoil in the euro zone in the lead up to France's snap election set to begin this weekend.

EURUSD

European leaders' summits could be faced with a critically weakened French president who has been one of the very few among them to consistently push for a stronger, more united and more "sovereign" EU.

Citibank vs. HSBC Currency Pair Data Comparison

Citi (as of 24 Jun) HSBC (as of 27 Jun)

support resistance support resistance
EUR/USD 1.0668 1.0916 1.0595 1.0832
GBP/USD 1.2619 1.2860 1.2535 1.2783
USD/CHF 0.8827 0.9158 0.8866 0.9035
AUD/USD 0.6564 0.6729 0.6579 0.6709
USD/CAD 1.3577 1.3846 1.3620 1.3785
USD/JPY 153.60 160.00 156.97 162.73

The green numbers in the table indicate that the data has increased compared with the previous time; the red numbers indicate that the data has decreased compared with the previous time; and the black numbers indicate that the data has remained unchanged.


Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The dollar was on track for a second quarterly gain

The dollar was on track for a second quarterly gain

On Friday, the dollar aimed for a second quarterly gain, while Sterling's movement hinged on the upcoming UK general election.

2024-06-28
The Australian Dollar Rises on Inflation

The Australian Dollar Rises on Inflation

On Wednesday, the dollar edged up as Fed officials signaled no rush for rate cuts. The Aussie dollar rose on inflation hitting a six-month high.

2024-06-26
Canadian Dollar Hits Multi-Week High

Canadian Dollar Hits Multi-Week High

The dollar dipped on political concerns. The Canadian dollar rose to multi-week highs after the BOC predicted growth amid easing inflation.

2024-06-25

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EBC Financial Group is a co-brand shared by a group of entities including:
EBC Financial Group (SVG) LLC is authorized by the St.Vincent and the Grenadines Financial Services Authority(SVGFSA),and the company registration number is 353 LLC 2020. with registered address at Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines.
Other Relevant Entities
EBC Financial Group (UK) Limited is authorised and regulated by the Financial Conduct Authority. Reference Number: 927552. Website： www.ebcfin.co.uk
EBC Financial Group (Australia) Pty Ltd (ACN: 619 073 237) is authorised and regulated by the Australian Securities and Investments Commission (Number: 500991). EBC Financial Group (Australia) Pty Ltd is a related entity of EBC Financial Group (SVG) LLC and are managed separately. EBC Financial Group (Australia) Pty Ltd provides general financial advise services in Australia.
EBC Financial Group (Cayman) Limited is licensed and regulated by the Cayman Islands Monetary Authority (Number: 2038223). website: www.ebcgroup.ky
Business Address: The Leadenhall Building, 122 Leadenhall Street, London, United Kingdom, EC3V 4AB. Email Address : [email protected]. Telephone : +44 20 3376 9662
Disclaimer: EBC Financial Group explicitly does not participate in any cryptocurrency activities or offer Crypto Contracts for Difference (CFDs). Our financial services solely pertain to traditional instruments. Clients are advised that any references to crypto-related services using the EBC name are inaccurate and unauthorized. Any reference to past performance is not indicative of future performance. The information contained in this website is provided for reference only and does not constitute any investment advice.
Regional Restrictions: EBC does not offer any services to citizens and residents of certain jurisdictions including: Afghanistan, Belarus, Burma (Myanmar), Canada, Central African Republic, Congo, Cuba, Democratic Republic of the Congo, Eritrea, Haiti, Iran, Iraq, Lebanon, Libya, Malaysia, Mali, North Korea (Democratic People's Republic of Korea), Russia, Somalia, Sudan, South Sudan, Syria, Ukraine (including Crimea, Donetsk, and Luhansk Regions), the United States, Venezuela, and Yemen. For more information, please check out our FAQs.
Compliance Disclosure：The website can be accessed globally and is not specific to any entity. Your actual rights and obligations will be determined based on the entity and jurisdiction that you choose to be regulated.There may be local laws and regulations which prohibit or limit your rights to access, download, distribute, disseminate, share or otherwise use any or all of the documents and information published on this website.
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