EUR/USD: down to a four-month low - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the EUR/USD pair posted its lowest daily close in four months last Friday, ending the day below the 1.1000 level.

Key Quotes:

"Volatility was quite limited last week, but the American dollar stood as the overall winner, in spite hopes of massive stimulus coming from Central Banks diminished.

The ECB left its economic policy unchanged, while BOJ's Kuroda ruled out "helicopter money" several times during these last few days."

Hopes now turn to the upcoming FED's meeting this week, expected to be hawkish, given the latest batch of positive US data reaffirming the US economy has picked up in the second quarter."