FOREX TradingCharts.com

Forex News: Euro Strengthens As Italy Fears Reduce

Euro Strengthens As Italy Fears Reduce

05/31/2018 - 04:15:00 (RTTNews)

(RTTNews) - The euro climbed against its major counterparts in the Asian session on Thursday, as Italian worries abated on renewed talks to form a coalition government.

Leaders of the 5-Star Movement and the right-wing League held informal meetings with President Sergio Mattarella on Wednesday and had been given another chance to try to form a coalition government.

After two meetings, both parties had agreed to find "a point of compromise on another name" for the post of finance minister.

Prime Minister-designate Carlo Cottarelli on Wednesday said possibilities had emerged "for the birth of a political government," and that financial market turmoil "have caused me to wait for further developments".

Elsewhere, Spanish Prime Minister Mariano Rajoy has insisted he would not resign ahead of Friday's no-confidence vote in the Madrid parliament.

Euro area inflation data for May is slated for release at 5:00 am ET.

The euro strengthened to a 3-day high of 1.1699 against the greenback, from a low of 1.1648 hit at 9:30 pm ET. If the euro continues its rise, 1.19 is possibly seen as its next resistance level.

The 19-nation currency climbed to a session's high of 0.8784 against the pound and held steady thereafter. The pair ended Wednesday's trading at 0.8776.

The euro edged up to 1.1562 against the franc, from Wednesday's closing value of 1.1537. The euro is likely to find resistance around the 1.17 level.

The euro appreciated to 127.37 against the yen, a 3-day high. At yesterday's close, the pair was valued at 126.96. The euro is poised to challenge resistance around the 129.00 level.

The single currency that closed yesterday's trading at 1.5391 against the aussie advanced to a 2-day high of 1.5448. The next possible resistance for the euro is seen around the 1.57 level.

The euro rose to 1.6745 against the kiwi and 1.5058 against the loonie, from yesterday's closing values of 1.6692 and 1.5011,respectively. The euro is seen finding resistance around 1.70 against the kiwi and 1.53 against the loonie. Looking ahead, U.K. mortgage approvals and Eurozone jobless rate for April and advanced CPI for May are due in the European session.

In the New York session, Canada GDP data for March, U.S. weekly jobless claims for the week ended May 26 and personal income and spending data for April are scheduled for release.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Euro Little Changed After German PPI (01 hr(s), 23 min(s), 23 sec(s) ago)
(RTTNews) - At 2:00 am ET Wednesday, Destatis has released German producer prices for May. A ...Full Story»

Euro Mixed Ahead Of German PPI (01 hr(s), 29 min(s), 23 sec(s) ago)
(RTTNews) - At 2:00 am ET Wednesday, Destatis will release German producer prices for May. The ind ...Full Story»

Dollar Trading Mixed After Mixed Housing Report (27 min(s), 37 sec(s) ago)
(RTTNews) - The dollar is turning in a mixed performance against its major rivals Tuesday afternoo ...Full Story»

Canadian Dollar Declines As Oil Prices Slide Amid Trade Fears (03 min(s), 37 sec(s) ago)
(RTTNews) - The Canadian dollar dropped against its major counterparts in early New York deals on ...Full Story»

Dollar Little Changed After U.S. Housing Starts Data (06 min(s), 37 sec(s) ago)
(RTTNews) - The Commerce and the Housing & Urban Development department's Housing Starts d ...Full Story»

Dollar Mixed Ahead Of U.S. Housing Starts Data (57 min(s), 37 sec(s) ago)
(RTTNews) - The Commerce and the Housing & Urban Development department's Housing Starts d ...Full Story»

Indian Rupee Falls To Near 4-week Low Versus U.S. Dollar (15 min(s), 37 sec(s) ago)
(RTTNews) - The Indian rupee declined against the U.S. dollar in evening deals on Tuesday, as regi ...Full Story»

Euro Slips As Draghi Says ECB To Be Patient On Timing Of First Rate Hike (09 min(s), 37 sec(s) ago)
(RTTNews) - The euro drifted lower against its major counterparts in the European session on Tuesd ...Full Story»

Search

FOREX NEWS

Euro Little Changed After German PPI

06/20/2018 - 02:05 AM (RTTNews)
(RTTNews) - At 2:00 am ET Wednesday, Destatis has released German producer prices for May. A ...Full Story>>

Euro Mixed Ahead Of German PPI

06/20/2018 - 01:57 AM (RTTNews)
(RTTNews) - At 2:00 am ET Wednesday, Destatis will release German producer prices for May. The ind ...Full Story>>

Dollar Trading Mixed After Mixed Housing Report

06/19/2018 - 14:55 PM (RTTNews)
(RTTNews) - The dollar is turning in a mixed performance against its major rivals Tuesday afternoo ...Full Story>>

Canadian Dollar Declines As Oil Prices Slide Amid Trade Fears

06/19/2018 - 10:32 AM (RTTNews)
(RTTNews) - The Canadian dollar dropped against its major counterparts in early New York deals on ...Full Story>>

Dollar Little Changed After U.S. Housing Starts Data

06/19/2018 - 08:33 AM (RTTNews)
(RTTNews) - The Commerce and the Housing & Urban Development department's Housing Starts d ...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.