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On Friday, the common currency went up versus its American counterpart, following the publication of mixed euro zone economic reports because demand for the American currency remained vulnerable enough, following the previous session’s dismal American data.
The currency pair EUR/USD reached 1.1188 during European morning trade, which is the highest value since June 19.
For the whole euro zone, in May the composite PMI, including manufacturing as well as service sector activity, went down to 55.7 from 56.8 last month, thus disappointing hopes for a downtick to 56.2.
Meanwhile, the evergreen buck was still under pressure, reacting to Thursday’s report by the US Department of Labor, demonstrating that initial jobless claims by June 17 tacked on by 3,000 to 241,000 from last week’s total of 238,000.
Financial experts actually hoped that jobless claims would ascend by 2,000 to 240,000 the previous week.
The euro dipped versus the British pound, with EUR/GBP losing 0.14% and keeping to 0.8780.
On Friday, the evergreen buck declined versus its counterparts due to the fact that Fed Vice Chairman Richard Clarida expressed concerns as for global surge and came up with quite dovish remarks on monetary policy…
On Friday, the UK currency managed to inch up notwithstanding worries over Brexit as well as the resignation of major statesmen in Prime Minister Theresa May’s cabinet…
On Thursday, the evergreen buck surged versus its counterparts because mostly bullish economic data managed to reaffirm investor hopes that the American economy is still on firm footing, while a dive in the UK currency also backed sentiment…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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