Credit Agricole: euro will continue to sell on the growth

Publication of a report by the German industrial orders in August put additional pressure on the single currency, since the data were weaker than expected. Euro / dollar has lost about twenty points and went to the area of ​​$ 1.3340. However, in this area, a couple faced with an interest in buying, which allowed her to go back to $ 1.3360. Employees Credit Agricole believe that strained financial condition of the euro area may force the ECB to take decision in favor of reducing interest rates. However, they add that, even if saving rates at the same level, market participants will continue to sell the single currency on growth. Current euro / dollar $ 1.3355.