EUR/USD falls below 1.10 amid US credit tightening and debt ceiling concerns – by christianborjon EURUSD Currencies Majors
1.0950 area. Worries about the United States debt ceiling, and a strong US Dollar , weakened the prospects for a higher Euro . At the time of writing, the EUR/USD is trading at 1.0955, down 0.44%.Wall Street is posting losses after the Fed’s Senior Loan Officer Opinion Survey showed that credit conditions are tightening, thought “not as disastrous as many doomsayers had feared,” wrote analysts at Brown Brothers Harriman.
On the European front, the latest economic data from Germany had increased worries about a recession in the bloc. Meanwhile,
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