EUR is going to record the biggest weekly gain in one year because of the political tensions

On Friday the EUR has increased again in the Europe market against the international currencies, resuming it gains against the USD, which stopped yesterday because of collecting the gains after recording the highest level in six months, and the United Europe currency EUR is going to record the biggest weekly gain in one year against the USD, and because of the international political tensions in the Brazil and the United States, at the same time with the fears decreasing about the monetary policy differences between the Europe and the United States, after the probability of increasing the American interest prices for the next month has decreased.

 At 8:10 GMT EURUSD is trading at the level 1.1140 from the opening price 1.1103 and it records the highest price 1.1143 and the lowest price 1.1096.

During the current week the EUR achieved an increasing by 1.9% against the USD, resuming it weekly strong gains, which has stopped at the last week, and it going to record the biggest weekly gain since May 2016, because of the acceleration of buying the low-profit currency as a safe haven, under the political tensions rise in Brazil and the United States.

The United Europe currency found the support from the backing down of the probability about the American interest prices in the next month, and that has decreased the fears of the monetary policy difference between the United States and Europe.

This week the probability of increasing the American interest prices in the next June has back down from 100% to 60% last week, especially after a respectively negative data from the United States, emphasizes the economic growth path weakness this year.

The data this week in Europe observed an increasing because of the inflation in EUR zone by 1.9% in April from an increasing by 1.5% in March, and the last inflation data in Europe making markets thinking about the probability of decreasing the debentures buying by the Central Europe Bank to stimulate the Europe economy, with increasing the interest prices from it lower standard levels.