The euro fell against its safer counterparts today but gained on the Great Britain pound at the same time. The shared 19-nation currency was also flat-to-higher against commodity currencies.
Economic data released from the eurozone today was good, showing a sharp rise of industrial production in Germany and France. Yet it had no success in boosting the euro against such currencies as the US dollar, the Japanese yen, and the Swiss franc. The likely reason for that was risk aversion ahead of today’s employment report from the United States.
EUR/USD went down from 1.1149 to 1.1115 as of 8:33 GMT today, trading near the lowest level since August 9. EUR/CHF fell from 1.0934 to 1.0914. It is interesting to note that it was the second time in a row when the currency pair rises one day just to completely erase its gains the very next day.
If you have any questions, comments or opinions regarding the Euro,
feel free to post them using the commentary form below.
