RBS: likely, the euro / dollar will resume its decline

During early trading on Wednesday, the euro depreciates against the dollar, after yesterday's rally adjusting and waiting for the outcome of the ECB meeting on interest rates scheduled for tomorrow. "The European economy is clearly weakening," - said Greg Gibbs, a currency strategist at RBS in Sydney. - "The market is waiting for the publication of data on retail sales in the region, however, I think, regardless of this, tomorrow will be reduced rate. With current levels of euro / dollar will go, sooner down than up. "Note that, as the dynamics of Credit Suisse Group AG index, investors are now laid on the reduction rates in the region by 55 basis points over the next 12 months.