All Things Forex Trading Room: Will the EUR Correct Recent Losses vs USD?

In the trading room today: Will the EUR Correct Recent Losses vs USD? As Greece gets an approval for additional financial aid, we explore the potential for the EUR to correct some of its recent losses against the greenback and examine the near-term outlook for the single currency, we analyze the latest trend developments in the EUR/USD currency pair, we note the renewed weakness in the GBP/USD pair, we continue to monitor the rally of the USD vs JPY, we highlight the market’s reaction to the Eurogroup’s decision on financial assistance for Greece, the UK Industrial Production and Trade Balance, and the German Industrial Production, we discuss new forecasts from Bank of New York-Mellon and Banco Santander, and prepare for the trading session ahead.

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