In early
European deals today, the 16-natiom currency gained ground across the board on
rally in domestic equities. The euro rose to a fresh multi-month high against
the dollar and a 2-day high against the pound. Meanwhile, the euro recovered
from a 2-day low against the yen. On the flip side, the euro fell to a 2-day
low against the franc.
In equity
front, European stocks soared in early deals today as investors risk appetite
improved on strong earnings. At present, UK's benchmark FTSE 100 index is
gaining by 33.40 points or 0.6%, Germany's DAX is up by 33.61 points or 0.5%
and France's CAC 40 index is climbing by 17.13 points or 0.5%.
The euro
gained against the dollar in early European deals on Thursday. At present, EUR/USD
rally is trading at a fresh multi-month high of 1.3085, compared to yesterday's
close of 1.2993. On the upside, 1.310 is seen as the next upside target level
for the euro.
EUR/GBP
pair rose to a 2-day high of 0.8373 at 4:35 am ET, an appreciation of 0.48%
from yesterday's close of 0.8332. At present, the pair is worth 0.8356. On the
upside, the euro may target around the 0.842 level.
On the
other hand, the euro is now trading at a 2-day low of 1.3703 against the franc,
compared to yesterday's closing quote of 1.3733. If the euro falls further, it
may target around the 1.363 level.
Moving up
from an early Asian session's 2-day low of 113.19, the euro is now trading at
113.89 against the yen. The next upside target for the euro is seen around the
114.80 level. The euro-yen pair was worth 113.67 at yesterday's close.
Post new comment