FOREX TradingCharts.com
HOMECHARTS & QUOTESFOREX NEWSFOREX QUOTESLEARN FOREXFOREX BROKER LISTBOOKMARKFEEDBACK

Forex News: Euro Higher Against Majors

Euro Higher Against Majors

04/08/2024 - 13:05:00 (RTTNews)

(RTTNews) - The euro advanced against its most major counterparts in the New York session on Monday, as investors await central bank meetings and U.S. inflation data for more clues on the policy outlook.

The European Central Bank's interest rate decision is due on Thursday. The central bank is expected to keep its key rates unchanged while laying the ground for a first interest-rate cut in June.

U.S. consumer and producer inflation data for March are due to be released on Wednesday and Thursday, respectively.

Wednesday will also see the release of the minutes of the Fed's latest monetary policy meeting, which could shed additional light on officials' thinking on rates.

In economic news, data from the behavioral research institute Sentix showed that Euro area investor confidence strengthened for the sixth month in a row to reach a 26-month high in April as expectations turned positive for the first time since the start of the war in Ukraine.

The headline investor sentiment index advanced to -5.9 in April from -10.5 in March, This was the highest score since February 2022.

The euro climbed to 4-day highs of 1.0858 against the greenback, 164.85 against the yen and 0.9830 against the franc, off its early lows of 1.0820, 164.19 and 0.9765, respectively. The next possible resistance for the currency is seen around 1.10 against the greenback, 167.00 against the yen and 1.00 against the franc.

The euro touched 1.4750 against the loonie, its highest level since March 20. The currency is likely to locate resistance around the 1.49 level.

In contrast, the euro fell to a 4-day low of 1.7967 against the kiwi and more than a 2-month low of 1.6412 against the aussie, from an early 5-day high of 1.8045 and a 4-day high of 1.6505, respectively. The euro is seen finding support around 1.74 against the kiwi and 1.61 against the aussie.

The euro eased against the pound and was trading at 0.8579. If the currency falls further, it is likely to test support around the 0.84 region.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


U.S. Dollar Appreciates As Employment Costs Jump (01 hr(s), 26 min(s), 41 sec(s) ago)
(RTTNews) - The U.S. dollar firmed against its major counterparts in the New York session on Tuesd ...Full Story»
Euro Rises On Strong Eurozone Economic Data (07 hr(s), 44 min(s), 41 sec(s) ago)
(RTTNews) - The euro strengthened against other major currencies in the Asian session on Tuesday, ...Full Story»
Euro Rises Against Majors (08 hr(s), 11 min(s), 41 sec(s) ago)
(RTTNews) - The euro strengthened against other major currencies in the Asian session on Tuesday. ...Full Story»
Australian Dollar Falls On Weak Retail Sales Data (11 hr(s), 44 min(s), 40 sec(s) ago)
(RTTNews) - The Australian dollar weakened against other major currencies in the Asian session on ...Full Story»
Canadian Dollar Drops Against Most Majors (12 hr(s), 11 min(s), 41 sec(s) ago)
(RTTNews) - The Canadian dollar weakened against most major currencies in the Asian session on Tue ...Full Story»
NZ Dollar Slides Against Most Majors (12 hr(s), 17 min(s), 41 sec(s) ago)
(RTTNews) - The New Zealand dollar weakened against most major currencies in the Asian session on ...Full Story»
Australian Dollar Falls Against Majors (12 hr(s), 23 min(s), 41 sec(s) ago)
(RTTNews) - The Australian dollar weakened against other major currencies in the Asian session on ...Full Story»
Pound Firms Against Most Majors (02 hr(s), 11 min(s), 41 sec(s) ago)
(RTTNews) - The pound was higher against its most major counterparts in the New York session on Mo ...Full Story»
Search

FOREX NEWS

U.S. Dollar Appreciates As Employment Costs Jump

04/30/2024 - 12:50 PM (RTTNews)
(RTTNews) - The U.S. dollar firmed against its major counterparts in the New York session on Tuesd ...Full Story>>

Euro Rises On Strong Eurozone Economic Data

04/30/2024 - 06:32 AM (RTTNews)
(RTTNews) - The euro strengthened against other major currencies in the Asian session on Tuesday, ...Full Story>>

Euro Rises Against Majors

04/30/2024 - 06:05 AM (RTTNews)
(RTTNews) - The euro strengthened against other major currencies in the Asian session on Tuesday. ...Full Story>>

Australian Dollar Falls On Weak Retail Sales Data

04/30/2024 - 02:30 AM (RTTNews)
(RTTNews) - The Australian dollar weakened against other major currencies in the Asian session on ...Full Story>>

Canadian Dollar Drops Against Most Majors

04/30/2024 - 02:04 AM (RTTNews)
(RTTNews) - The Canadian dollar weakened against most major currencies in the Asian session on Tue ...Full Story>>
USDCAD
Economic CalendarForex GlossaryForeign Exchange RatesForex Currency TradingForex ChartsPrivacy Policy Translate AdvertiseContact Us

Do not sell my personal information

Copyright © 2024. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.