The EUR finished yesterday`s trades with gains against the Dollar as Euro-zone performed improved economic sentiment in July.
German unemployment figures appeared to be more optimistic than expected. The EUR gains were also considerable against the JPY reaching a week high. The EUR jumped as high as 134.86 Yen, to the level of134.67 Yen.
The Euro increased rapidly versus the USD to $1.4128 level. The gains were pared after the International Monetary Fund (IMF) said the EUR exchange rate looks somewhat on the strong side relative to its fundamentals. As technical analysis showed, EUR may increase its monthly gains versus the U.S Dollar today prior to reports that will show deflation deepened in the Euro-zone, and job losses increased.
Gains of the British Pound extended reaching a 4 week high versus the European currency as British house prices rose in Kuly for a third straight month.
Follow all the latest news about Forex at the Website and the Forex blog
German unemployment figures appeared to be more optimistic than expected. The EUR gains were also considerable against the JPY reaching a week high. The EUR jumped as high as 134.86 Yen, to the level of134.67 Yen.
The Euro increased rapidly versus the USD to $1.4128 level. The gains were pared after the International Monetary Fund (IMF) said the EUR exchange rate looks somewhat on the strong side relative to its fundamentals. As technical analysis showed, EUR may increase its monthly gains versus the U.S Dollar today prior to reports that will show deflation deepened in the Euro-zone, and job losses increased.
Gains of the British Pound extended reaching a 4 week high versus the European currency as British house prices rose in Kuly for a third straight month.
Follow all the latest news about Forex at the Website and the Forex blog
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