Euro is getting a small boost today, heading a little bit higher as other currencies flounder on the Forex market. Thanks to lackluster data in other areas, major currencies are losing ground to the euro.
Disappointing data from the end of last week is affecting the performance of currencies against the euro. With the latest jobs data out of the United States, expectations for an interest rate hike by the end of the year are fading a little bit. That is helping the euro gain a little bit against the greenback.
Lackluster data out of the United Kingdom is sending the pound lower, and the euro is gaining in that area as well. So far, with Forex traders re-examining their expectations, the 19-nation currency is getting a small boost.
However, things are likely to even out again at some point. After a confusing end to last week, it’s little surprise that the euro is heading higher. But there are enough issues with the eurozone that there is a good chance that the currency will be lower again soon.
At 13:04 GMT EUR/USD is up to 1.1223 from the open at 1.1221. EUR/GBP is up to 0.7391 from the open at 0.7384. EUR/JPY is up to 134.8130 from the open at 134.6300.
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