Euro reaches its 3-months maximum.
Asian and European trading session:
Euro: Against the background of the growing inflation in Europe, the expectations for the increased interest rate reinforced. As a result, the euro was supported on Thursday. Concerns over the Euro-zone debt crises weakened, and the EUR/USD managed to reach the $1.4500 maximums.
The European session demonstrated maximums of $1.4525.
According to the published statistics, the Euro-zone consumer price index grew in June for 2.7%. The German unemployment rate decreased for 8K in June.
US Dollar: The greenback decreased in anticipation of the weak US fundamentals release.
British Pound: The GBP/USD pair showed maximums of $1.6110. After that the pound dropped against the US dollar since the speculations that Great Britain would support the politics of fighting the inflation and not increasing the interest rates. Therefore, the GBP/USD pair dropped for 100 points. Minimums were reached at the $1.5970 level.
Japanese Yen: The USD/JPY decreased to Y80.30.
Oil: Oil prices grew and reached the $95.37 range.
American trading session:
US Dollar: The released today US Initial jobless claims grew to 428K against the expected 420K. The Chicago Purchasing Manager index for June increased above forecasts.
https://forex-metal.com/news_posts
Asian and European trading session:
Euro: Against the background of the growing inflation in Europe, the expectations for the increased interest rate reinforced. As a result, the euro was supported on Thursday. Concerns over the Euro-zone debt crises weakened, and the EUR/USD managed to reach the $1.4500 maximums.
The European session demonstrated maximums of $1.4525.
According to the published statistics, the Euro-zone consumer price index grew in June for 2.7%. The German unemployment rate decreased for 8K in June.
US Dollar: The greenback decreased in anticipation of the weak US fundamentals release.
British Pound: The GBP/USD pair showed maximums of $1.6110. After that the pound dropped against the US dollar since the speculations that Great Britain would support the politics of fighting the inflation and not increasing the interest rates. Therefore, the GBP/USD pair dropped for 100 points. Minimums were reached at the $1.5970 level.
Japanese Yen: The USD/JPY decreased to Y80.30.
Oil: Oil prices grew and reached the $95.37 range.
American trading session:
US Dollar: The released today US Initial jobless claims grew to 428K against the expected 420K. The Chicago Purchasing Manager index for June increased above forecasts.
https://forex-metal.com/news_posts