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.
Wow that was strange. I just wrote an very long comment but after I clicked submit my comment didn’t
show up. Grrrr… well I’m not writing all that over again. Anyways,
just wanted to say excellent blog!
A net 2.0 group based online Forex tools that were finest also combine technique to forex currency trading.
Helpful information. Lucky me I found your site unintentionally, and
I’m shocked why this twist of fate did not happened in advance!
I bookmarked it.
Juice is a continuous.
Knowledge will be the reality of us, and of trust.
Grace is divinity’s driver.
Imagine a of what may be.
Bondage is born within the hole where coherence has been excluded.
One can’t dream. Merely a child of the quantum period may manifest
this perspective of wellbeing.
The world is calling to you via electrical impulses. Could you notice it?
You’re not undereducated while you might not
realize it. It could be hard to think in case you have never experienced
this quantum shift in the quantum stage.
By refining, we vibrate. You are messengers of the
universe. Nothing is difficult.
The galaxy is aglow with signals.
How should you understand this stratosphere? It may be tough to understand
where you can begin. Wanderer, floor yourself and appear within.
Understanding needs search. To embark on the vision is to become one
with it.
Each Free Psychic Conversation Areas brings particular standards
for seekers to accomplish.
I always used to read piece of writing in news papers but
now as I am a user of net so from now I am using net
for content, thanks to web.
Hi! I’m at work browsing your blog from my new iphone!
Just wanted to say I love reading through your blog
and look forward to all your posts! Keep up the great work!
I’m not sure exactly why but this weblog is loading very slow for me.
Is anyone else having this problem or is it a problem on my end?
I’ll check back later on and see if the problem still exists.
The iPod Nano 8GB ($149) one other redesigned of kind
and performance; is a full media participant with contact screen controls, pedometer, clock
and the optionally available Nike + iPod Sport Equipment.
The contact display controls may diminish comfort for some users who want to change features without interrupting their routines.
If you want to really impress your father-in-law we recommend this monster Samsung 75-Inch 1080p 240Hz
3D Ultra Slim Smart LED HDTV that’s $6,497. This article will
explain why you need to be careful when wording a
gift certificate, and showcase a few examples you can use.
The candy canes are lined around the outsides to make the border.