Euro Climbs Amid Risk Appetite On Trade Optimism, China Data
21 Janvier 2019 - 2:37AM
RTTF2
The euro strengthened against its major opponents in the Asian
session on Monday, as Asian shares rose following the gains on Wall
Street Friday amid optimism about U.S.-China trade talks as well as
positive data from China.
China GDP data came in line with expectations in the fourth
quarter, while industrial production and retail sales beat
expectations in December, separate data showed.
Investors cheered US President Donald Trump's remarks that trade
talks with China are progressing well.
Oil prices firmed as impressive China data suggested that the
nation's economic slowdown is likely not as steep as expected.
Further underpinning oil prices were supply cuts led by the
Organization of the Petroleum Exporting Countries.
The euro advanced to 1.1380 against the greenback, from a low of
1.1360 hit at 5:00 pm ET. On the upside, 1.15 is likely seen as the
next resistance for the euro.
The single currency appreciated to a 4-day high of 0.8849
against the pound, after falling to 0.8816 at 5:00 pm ET. If the
euro rises further, 0.90 is possibly seen as its next resistance
level.
The euro edged up to 1.1327 against the franc and 124.82 against
the yen, off its early lows of 1.1301 and 124.51, respectively. The
euro is likely challenge resistance around 1.15 against the franc
and 126.00 against the yen.
The common currency climbed to 4-day highs of 1.6938 against the
kiwi and 1.5905 against the aussie, from its early lows of 1.6813
and 1.5846, respectively. The euro is likely to test resistance
around 1.71 against the kiwi and 1.60 against the aussie.
Reversing from an early low of 1.5065 against the loonie, the
euro rose to 1.5101. The euro is seen finding resistance around the
1.53 region.
U.S. markets will remain closed in observance of Martin Luther
King Jr. Day.
Euro vs Yen (FX:EURJPY)
Graphique Historique de la Devise
De Mar 2024 à Avr 2024
Euro vs Yen (FX:EURJPY)
Graphique Historique de la Devise
De Avr 2023 à Avr 2024