Euro gains weight amid a weaker dollar. Investors are betting that concerns about growth will cause the Fed to slow down the pace of rising interest rates.
The defeat on Wall Street, caused by the flow of weak data on a global scale, reinforced the view that the expected increase in the Fed rate this Wednesday will lead to a slowdown or even a pause in the three-year period of steady growth in rates. The prospect of raising rates at low gear will keep the dollar. The best of the major currencies this year, under pressure. That helps the euro, which on Tuesday rose by 0.2 percent, to $ 1.1373, partially recovering its losses. However, according to analysts at Goldman Sachs and the ECB, the balance of risks is shifting to the downside, given the protests in France, which are already beginning to put pressure on the business, it can be concluded that the euro will begin to grow only after a few months.