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 there is nonstop noise in your ears,
normal functions of life become burdens.
Some of these can be a contributing factor
in the onset of tinnitus symptoms. Tinnitus is an auditory hallucination, a noise abnormality that originates in the ear.
Do you mind if I quote a couple of your articles as long as I provide credit and sources back to your site?
My website is in the very same area of interest as yours and
my visitors would definitely benefit from some
of the information you present here. Please let me know if this
alright with you. Thank you!
Thanks for sharing your info. I truly appreciate your efforts and I am waiting for your next
post thanks once again.
This is the reason a number of homeⲟwners have contacted
local residence reworking contractorѕ іn Scottsdale about installing indoor
/ outѕide ɑccesѕ dooгs for pets.
Helpful info. Fortunate me I discovered your web site
accidentally, and I am shocked why this twist of fate didn’t took place in advance!
I bookmarked it.
I know this if off topic but I’m looking into starting my own blog and was curious what all is required to get
set up? I’m assuming having a blog like yours would cost a pretty penny?
I’m not very internet smart so I’m not 100% sure. Any
suggestions or advice would be greatly appreciated.
Kudos
This page truly has all the information and facts I needed
concerning this subject and didn’t know who to ask.
I really like your blog.. very nice colors
& theme. Did you design this website yourself or did you hire someone to do it for you?
Plz reply as I’m looking to create my own blog and would like to know where u
got this from. thank you
It is exactly similar to Becoming only Good, but not Effective.
In custom design, chances of being noticed by the audience and being impressive to the potential customers
are greater. Have a mind map of what the website would look like
and then write it on a piece of paper.
Sweet blog! I found it while browsing on Yahoo News.
Do you have any tips on how to get listed in Yahoo News?
I’ve been trying for a while but I never seem to get there!
Appreciate it