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31 Dec 2014
EUR/USD falls below 1.2100, ends the year on the back foot
FXStreet (Córdoba) - The EUR/USD’s selloff extended to fresh cycle lows sub 1.2100 in thin trading on New Year’s Eve, putting the euro on track for a 12% annual decline.
EUR/USD pierced the 1.21 mark and hit a low of 1.2096, last seen July 2012, as the dollar received a final boost to bid farewell the 2014. The shared currency remains vulnerable amid divergent ECB/FOMC monetary policy outlooks coupled with political uncertainty in Greece, with the 2012 low of 1.2041 coming closer into sight.
At time of writing, EUR/USD is trading at 1.2105, recording a 0.41% loss on the day. At the same time, the pair is headed for its sixth monthly loss in a row, having fallen all the way from this year peak of 1.3993 struck in May.
EUR/USD pierced the 1.21 mark and hit a low of 1.2096, last seen July 2012, as the dollar received a final boost to bid farewell the 2014. The shared currency remains vulnerable amid divergent ECB/FOMC monetary policy outlooks coupled with political uncertainty in Greece, with the 2012 low of 1.2041 coming closer into sight.
At time of writing, EUR/USD is trading at 1.2105, recording a 0.41% loss on the day. At the same time, the pair is headed for its sixth monthly loss in a row, having fallen all the way from this year peak of 1.3993 struck in May.