Evergreen buck is steady
On Friday, the major US currency was still steady, and the British pound dived a bit…
Euro hits six-week maximum on surge outlook optimism
On Friday, the common currency reached a six-week maximum versus the evergreen buck, with traders optimistic about the strength of the euro zone's revival after firm economic data this week.
Since Monday the euro has gained approximately 0.7%, putting it on course for a third straight week of revenues versus the US currency.
The common currency had started the trading week on the back foot, affected by political uncertainty in Germany as coalition negotiations didn’t appear to be successful. Nevertheless, the euro recovered rapidly because traders focused on a robust surge outlook for the EU, while the greenback dipped broadly.
Issued on Thursday, the minutes from the ECB’s recent policy gathering showed that policymakers had generally agreed on extending the quantitative easing at a lower level, although a decision to keep the asset purchases open-ended generated fiercer debate.
In London trade the common currency hit $1.1865, which is its strongest outcome since October 13.
Similar
Japanese yen drifts away from two-week maximum
On Friday, the Japanese yen drifted away from a two-week maximum versus the evergreen buck after North Korea told that it was still open for negotiations with the United States…
British pound and euro dive after the release of weak economic reports
On Wednesday, the euro and British pound approached their five month-lows after the disappointing economic reports…
Popular
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Gold edges down toward 3-week minimum after Congress hits spending deal
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
Crude edges down in Asia on Caixin PMI
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Deposit with your local payment systems
