No Respite for Euro as Longest Losing Streak in a Year Drags On
- Common currency under further pressure as U.S. dollar rallies
- Improving fundamentals take a backseat after strong year
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The euro fell on Friday for the sixth consecutive day, on course to extend its longest run of losses in more than a year against a resurgent U.S. dollar.
As progress of American tax reform and a delayed U.S. debt deadline spur the greenback, traders are finding few fresh catalysts to get them excited about the common currency just now. The next could be the European Central Bank meeting in the coming week, when President Mario Draghi announces updated economic projections for the region.