The euro drifted lower against other major currencies during Friday’s early European deals as the regional stocks declined. The euro fell to a 1-week low against the franc and a 4-day low against the yen.
European stocks fell,taking cues from overseas markets and mounting concern about the health of the U.S. economy ahead of second quarter GDP data set for release later in the global trading day and a key July jobs report due next week.
Around 4:00 am ET, U.K’s benchmark FTSE 100 index was down 11.87 points or 0.22%, France’s CAC 40 index fell 15.36 points or 0.4% and Germany’s DAX slipped 10.56 points or 0.2%.
In economic news, Germany’s wholesale turnover continued to increase in the second quarter from the previous year.
The wholesale turnover in real terms increased 7.1% year-on-year in the second quarter, faster than a 4.3% growth in the previous quarter, a report by the Federal Statistical Office showed on Friday. Nominally, wholesale sales climbed 12.2%, following a 6.6% growth in the first quarter.
The euro slipped against the yen in early European deals on Friday. The euro is now trading at a 4-day low of 112.44 against the yen, compared to yesterday’s closing quote of 113.52. On the downside, 110.70 is seen as the next downside target level.
During early European deals on Friday, the euro lost ground against the dollar. As of now, the euro-dollar pair is worth 1.3030, down from a high of 1.3094 hit at 2:50 am ET. If the euro weakens further, it may likely target the 1.298 level. At yesterday’s close, the pair was quoted at 1.3080.
The euro-franc pair fell to a 1-week low of 1.3516 at 4:05 am ET, a depreciation of 0.69% from yesterday’s closing quote of 1.3617. As of now, the pair is worth 1.3535. On the downside, 1.334 is seen as the next target level for the euro.
Against the British pound, the euro is now worth 0.8340 with 0.831 seen as the next downside target level. At yesterday’s close, the pair was worth 0.8380.
Looking ahead, the euro zone unemployment data for June, Italian and the euro-zone final CPI – both for July will be released at 5:00 am ET.
Across the Atlantic, the U.S. GDP for the second quarter, Chicago PMI for July and University of Michigan final consumer confidence data for July are slated for release.
When preparing to get a home, begin saving the amount that
you would be spending for your mortgage, much less your current lease.
This will permit you to become a lot more comfortable with a higher monthly real estate payment and get you cash toward your deposit,
at the very same time.
I for all time emailed this webpage post page
to all my contacts, for the reason that if like to read it next my
friends will too.
This is really interesting, You’re an overly skilled blogger.
I’ve joined your feed and stay up for in the hunt for more of your fantastic post.
Also, I’ve shared your website in my social networks
Buying a second residence is not really much different compared to the procedures absorbed purchasing your initial residence.
Similar to the first residence, you will have to
obtain a house mortgage.
DL Bungou Stray Dogs
It is appropriate time to make a few plans for the long run and it’s time to be happy.
I’ve read this put up and if I may just I desire to suggest you some fascinating
issues or suggestions. Maybe you can write next articles
referring to this article. I want to read more things approximately it!
I always used to read article in news papers but now as I
am a user of web thus from now I am using net for articles or reviews, thanks to web.
This paragraph is genuinely a fastidious
one it helps new web users, who are wishing in favor of blogging.
Informative article, exactly what I needed.
Helpful information. Lucky me I found your website by chance, and I am stunned why this twist of fate didn’t came about earlier!
I bookmarked it.
Simply desire to say your article is as astonishing.
The clarity in your post is simply spectacular and i could
assume you are an expert on this subject. Well with your
permission let me to grab your feed to keep up to date with forthcoming
post. Thanks a million and please continue the enjoyable work.
My brother recommended I might like this web site. He was totally right.
This post truly made my day. You can not imagine just how much time I had spent for this
information! Thanks!
The rationale that such a flooring material
is offered at lower costs is due to bamboo’s skill to regenerate.