Weekly outlook: November 4 - 8 The euro ended the week - TopicsExpress

Weekly outlook: November 4 - 8 The euro ended the week sharply lower against the dollar on Friday as concerns over a possible rate cut by the European Central Bank weighed, while the dollar was boosted by expectations that the Federal Reserve may scale back stimulus measures sooner than expected. EUR/USD ended Friday’s session at 1.3492, down 2.15% for the week after rising to an almost two-year high of 1.3831 the previous Friday. The single currency was also weaker against the pound and the yen, with EUR/GBP falling 0.83% to 0.8472 and EUR/JPY down 1.08% to settle at 133.16. Read more : forex-tsd/financial-news-analytics/26338-forex-news-511.html#post642632