Euro Rises Against Majors

RTTNews | 151 days ago
Euro Rises Against Majors

(RTTNews) - The euro strengthened against other major currencies in the Asian session on Thursday.

The euro rose to an 8-day high of 1.0439 against the U.S. dollar, nearly a 2-week high of 161.19 against the yen and nearly a 3-week high of 0.9513 against the Swiss franc, from yesterday's closing quotes of 1.0393, 160.29 and 0.9493, respectively.

The euro edged up to 0.8357 against the pound, from Wednesday's closing value of 0.8347.

Against Australia, the New Zealand and the Canadian dollars, the euro advanced to a 1-week high of 1.6580, a 9-day high of 1.8452 and a 6-day high of 1.4883 from yesterday's closing quotes of 1.6545, 1.8423 and 1.4859, respectively.

If the euro extends its uptrend, it is likely to find resistance around 1.05 against the greenback, 164.00 against the yen, 0.96 against the franc, 0.85 against the pound, 1.68 against the aussie, 1.86 against the kiwi and 1.51 against the loonie.

read more
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 2 days ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 2 days ago
Yen Retreats Amid US-Japan Trade Uncertainty

Yen Retreats Amid US-Japan Trade Uncertainty

The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
RTTNews | 2 days ago
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 2 days ago
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Friday amid increased risk-on mood by the investors, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after U.S. President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
RTTNews | 2 days ago