FOREX TradingCharts.com

Forex News: Euro Advances After Merkel's Remarks

Euro Advances After Merkel's Remarks

05/22/2017 - 07:13:00 (RTTNews)

(RTTNews) - The euro climbed against its major rivals in the European session on Monday, after the German Chancellor Angela Merkel remarked that the euro is too weak and hence hurting German trade.

While speaking in Berlin, Merkel said that the weakness of the euro is driven by the European Central Bank's monetary policy and not reflected by fundamentals.

"The euro is too weak - and that's because of ECB policy - and so German products are cheap in relative terms," she told.

The euro advanced to a 6-1/2-month high of 1.1236 against the greenback, near 2-month high of 0.8644 against the pound and a 5-day high of 125.25 against the yen, off its early lows of 1.1161, 0.8600 and 124.12, respectively.

The euro rebounded to 1.0909 against the franc and 1.6153 against the kiwi, from its early low of 1.0882 and a 4-day low of 1.6053, respectively.

The euro climbed to a 4-day high of 1.5071 against the aussie, after having fallen to 1.4965 at 3:30 am ET.

Reversing from an early 5-day low of 1.5085 against the loonie, the euro edged up to 1.5173.

The next possible resistance for the euro is seen around 1.11 against the franc, 0.88 against the pound, 128.00 against the yen, 1.14 against the greenback, 1.53 against the loonie, 1.53 against the aussie and 1.64 against the kiwi.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Ticks Up After U.S. GDP Data, Jobless Claims (01 hr(s), 31 min(s), 55 sec(s) ago)
(RTTNews) - Following the release of U.S. weekly jobless claims for the week ended June 24 and the ...Full Story»

Dollar Rises Vs Most Majors Ahead Of U.S. GDP Data, Jobless Claims (01 hr(s), 40 min(s), 55 sec(s) ago)
(RTTNews) - The U.S. weekly jobless claims for the week ended June 24 and the third estimate of U. ...Full Story»

Euro Ticks Up After German CPI Data (02 hr(s), 01 min(s), 55 sec(s) ago)
(RTTNews) - Following the release of German CPI for June at 8.00 am ET Thursday, the euro ticked u ...Full Story»

Canadian Dollar Advances On Oil Price Rise (02 hr(s), 31 min(s), 54 sec(s) ago)
(RTTNews) - The Canadian dollar strengthened against other major currencies in the European sessio ...Full Story»

Canadian Dollar Climbs Against Majors (02 hr(s), 49 min(s), 55 sec(s) ago)
(RTTNews) - The Canadian dollar strengthened against other major currencies in the European sessio ...Full Story»

Pound Advances On BoE Rate Hike Prospectus (03 hr(s), 43 min(s), 55 sec(s) ago)
(RTTNews) - The pound climbed against its most major counterparts in early European deals on Thurs ...Full Story»

Euro Rises Ahead Of Eurozone Economic Confidence Index (05 hr(s), 10 min(s), 55 sec(s) ago)
(RTTNews) - At 5.00 am ET Thursday, the European Commission publishes euro area economic sentiment ...Full Story»

Pound Little Changed After U.K. BOE Mortgage Approvals Data (05 hr(s), 34 min(s), 55 sec(s) ago)
(RTTNews) - At 4:30 am ET Thursday, the Bank of England released mortgage approvals data for May. ...Full Story»

Search

FOREX NEWS

Dollar Ticks Up After U.S. GDP Data, Jobless Claims

06/29/2017 - 08:34 AM (RTTNews)
(RTTNews) - Following the release of U.S. weekly jobless claims for the week ended June 24 and the ...Full Story>>

Dollar Rises Vs Most Majors Ahead Of U.S. GDP Data, Jobless Claims

06/29/2017 - 08:25 AM (RTTNews)
(RTTNews) - The U.S. weekly jobless claims for the week ended June 24 and the third estimate of U. ...Full Story>>

Euro Ticks Up After German CPI Data

06/29/2017 - 08:04 AM (RTTNews)
(RTTNews) - Following the release of German CPI for June at 8.00 am ET Thursday, the euro ticked u ...Full Story>>

Canadian Dollar Advances On Oil Price Rise

06/29/2017 - 07:34 AM (RTTNews)
(RTTNews) - The Canadian dollar strengthened against other major currencies in the European sessio ...Full Story>>

Canadian Dollar Climbs Against Majors

06/29/2017 - 07:16 AM (RTTNews)
(RTTNews) - The Canadian dollar strengthened against other major currencies in the European sessio ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.