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.
What a data of un-ambiguity and preserveness of precious know-how on the topic of unpredicted feelings.
I got this site from my pal who shared with me about this website
and at the moment this time I am browsing this website and reading very informative posts here.
Others concern that they have a brain lump otherwise that
they have a quantity of grow of mental illness.
Elderly patients tend to benefit from this treatment program but it
can cover the gaps that are left by the alternatives which are unable to restore hearing.
3 inches, which makes it the largest known beetle species
in the Amazon.
We have a neighborhood where you could locate thousands of qualified professional psychics that are 24/7 available through
internet and also can also call via toll complimentary number as well as start discussion with a Psychic whenever as well as wherever you are.
Staгt with our home fіnder Seek for propеrties in your most
weⅼl-liked area and you ϲan go to their website to get a basic idea of what
thеy provide.
Hi there! I know this is somewhat off topic but I was wondering if
you knew where I could find a captcha plugin for my comment form?
I’m using the same blog platform as yours and I’m having problems finding one?
Thanks a lot!
You need to focus when selecting advisor for personal psychic
reading Do not choose a Psychic only on the basis
that he/she behaves to you or he/she respond to your questions.
Your taxx liability is on tthe first $7,000 of ever worker’s annual wages.
We stumbled over here from a different website and thought I might check
things out. I like what I see so now i am following you. Look forward to looking at your web page repeatedly.
The essential is that unlike past treatments, the tinnitus is not being masked and not being hidden. Practicing
yoga exercises or any other meditation techniques helps to a great extend in reducing stress and tension. For many
of these people, their tinnitus will only last for a short time
period, whereas many others will have it for their
remaining lives.