In early European deals on Tuesday, the euro strengthened to a 4-day high against the dollar, the franc and the yen on the back of a rise in equities. Taking cues from Asia, where most stocks ended higher, the European stock markets opened the day in green. Germany’s DAX rose 1.1% in early deals, France’s
The euro slipped against most of its major counterparts in European session on Monday. Most of the European stocks fell slightly today. At 7:41 am ET, U.K’s benchmark FTSE 100 index was down by 1.6 points or 0.03%, France’s CAC 40 fell 2.5 points or 0.08%. While, Germany’s DAX gained 1.2 points or 0.02 %.
The Swiss franc strengthened against its major opponents in early European deals on Monday. A report from Switzerland showed that the retail sales grew 1.3% month-on-month in May, following a 1.5% rise in April. Excluding fuel, the retail sector showed a seasonally adjusted increase in real turnover of 1.1%, faster than the 0.9% growth seen
During early European deals on Monday, the pound declined to a 4-day low against the US dollar after a report showed that U.K.’s services sector activity expanded at its slowest pace in ten months in June. The pound also weakened against other major currencies. The UK CIPS/Markit services PMI headline activity index fell for the
Friday in Asia, the Australian and New Zealand dollars gained ground as most Asian stocks trimmed their earlier losses, restoring some confidence among investors to buy higher-yielding assets. However, both the currencies pared some of their gains after the Asian bourses returned into the negative territory as investors are cautious ahead of the vital U.S.
