Greenback is nearly intact notwithstanding dive on Wall Street
On Wednesday, the evergreen buck stood still notwithstanding a dive in American equities overnight…
Euro reaches one-week maximum on hawkish comments
On Tuesday, the common currency demonstrated a one-week maximum because market participants added trading positions on a hawkish overnight statement by a policymaker, which reaffirmed bets the euro zone economy's outlook is still firm enough.
The euro’s ascend in 2017 has lost some momentum for the last days because political concerns – mainly Spain's Catalan crisis - have gone up pushing the common currency down versus the evergreen buck more than 3% for the last month.
However, on Tuesday, it bounced almost 0.4% hitting $1.1789, which is its highest outcome since October 2. It occurred after overnight comments from a member of the European Central Bank executive board, Sabine Lautenschlaeger, calling for the EU’s major financial institution to roll back asset purchases next year.
Market sentiment was also backed by upbeat data from Germany. In August, this country’s industrial output demonstrated its biggest monthly ascend for more than six years, as data disclosed on Monday.
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