Weekly

The euro against the dollar fell to their lowest level in three years Peng, concern about the eurozone growth by investors to increase the size of the put quantitative understanding of the European central bank's vision,

The euro fell as low as 1.0824, its lowest level since April 2017, while gold failed another test of the 1580 mark but remained strong overall.

Mostly above 1570. U.S. retail sales will be released tonight, which will be the focus of the market for the week, and the expected Numbers are on track to add to recent highs for the dollar on valentine's day.

The euro has fallen sharply this week and is the weakest of the major currencies. Industrial output in the latest boom has fallen by the most in nearly four years. The eurozone economy is stagnant,

The ECB is likely to remain in loose monetary policy mode, with most international Banks cutting their outlook for the euro this year.

The bank of Denmark also took a dim view of the euro's outlook, predicting it would remain around the 1.07 level for the rest of the year after falling to 1.07.

The weak economic recovery in the euro area, combined with the impact of the new coronavirus, has added to the uncertainty. The European central bank may even ease monetary policy further, even though interest rates are already very low.

But debt issuance could also be expanded further to counter downside risks.

Gold market, and the dollar synchronously strong. Gold continued to benefit from a global environment of low interest rates, despite strong U.S. economic data,

The market wasn't worried about an early fed rate cut, but in mid-week Powell said the fed would act decisively if there were risks to the economy.

The fed is unlikely to raise interest rates this year. It will maintain a looser monetary policy. This, coupled with the current market expectation of more liquidity in the European region, will further stimulate the gold market.

Gold prices held above 1570 yesterday, although the upward volatility is not big, failed to break through the 1580 barrier, but the afternoon there is still a chance to break through the impact of 1600 level, lower branch will continue to move up the ladder,

Buy back. At 9:30 p.m. tonight, U.S. retail sales will be the focus of the week and the expected Numbers are not weak, which could provide further support for the dollar, but gold's rebound could be short-lived, with a chance to fall back before stabilizing for the better.