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.
I am actually grateful to the holder of this website who has shared this wonderful article at here.
Physiotherapy Occupational therapy is a treatment aimed at healing certain ailments, and tantric massage in london homeopathy will be only one aspect of our
work together. And meaning that with rare exception–well, even if it is
tantric massage in london rehearsed regularly, it may facilitate decreasing mind and
body’s hassle.
It’s hard to find well-informed people for this subject, however, you sound like you know what you’re talking about!
Thanks
Anxiousness as well as anxiety can block the circulation of communication and disrupt a clear reading.
When some one searches for his essential thing, therefore he/she
wishes to be available that in detail, thus that thing is maintained over here.
When I initially left a comment I appear to have clicked the -Notify me when new comments are added- checkbox and now every time a comment is added I receive 4 emails with the same comment.
There has to be a means you are able to remove me from that service?
Appreciate it!
Have you ever considered writing an ebook or guest authoring on other blogs?
I have a blog based on the same subjects you discuss and
would love to have you share some stories/information. I know my
readers would value your work. If you’re even remotely interested,
feel free to send me an email.
Very good information. Lucky me I ran across your website by chance
(stumbleupon). I have saved as a favorite for later!
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my
blog that automatically tweet my newest twitter updates. I’ve
been looking for a plug-in like this for quite some time and was hoping maybe
you would have some experience with something like this.
Please let me know if you run into anything. I truly enjoy reading your blog and I look foprward to your new updates.
Plus, with EVERY Online Psychic Conversation Checking out the
very first 3 minutes are definitely Absolutely free.