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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.
On Friday, the evergreen buck slumped after Donald Trump had the Federal Reserve heavily criticized for lifting interest rates, although it was still on target for a second winning week…
American multinational companies get down to reevaluating their currency hedging strategies following a leap in the evergreen buck for recent months because the impact of the stronger US currency starts influencing second-quarter corporate profits…
On Wednesday, the British pound headed south to the lowest value for 10 months versus the broadly stronger greenback because suddenly dismal British inflation data decreased chances for an August rate lift by Britain’s key financial institution…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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