EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Greenback dips ahead of fresh American data
On Friday, the American dollar went down versus other key currencies, drifting away from a recent two-week peak as market participants were preparing for a fresh storm of American data due later in the day, right after upbeat economic reports underpinned US optimism.
The currency pair EUR/USD went up 0.30%, trading at 1.1179, bouncing off last session’s two-week dip of 1.1130, after the IMF along with the euro zone's 19 finance ministers underpinned a payout of €8.5 billion to Greece for the purpose of averting another debt crisis.
The evergreen buck gained broadly after the publication of encouraging data on American initial jobless claims and on manufacturing activity in the Philadelphia as well as New York areas.
The data arose just a day after the Fed lifted interest rates in a highly anticipated move.
The currency pair USD/JPY soared 0.34%, trading at 111.30, while USD/CHF lost 0.25%, being worth 0.9728.
Similar
EUR supported by the European Commission
The EUR made a significant rise on the news of the stimulus expansion. Will it last long?
NZD/USD: testing tactical support
The Reserve Bank of New Zealand made announcements regarding its monetary policy. The NZD/USD dropped.
Latest news
Risk-on is back. Market news and trade ideas on July 9
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
GOLD: the era of $1 800
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canadian job data: an attractive release for trading
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.
Deposit with your local payment systems
