Euro fell against dollar in American trade

Economies.com
2017-08-08 15:47PM UTC

Euro fell in American trade against the dollar, following earlier data from the euro zone and the US, the world's largest economy. 

 

As of 04:32 GMT, EUR/USD fell 0.50% to 1.1736 from the opening of 1.1795, with an intraday low at 1.1733, and a high at 1.1824. 

 

Earlier German data showed the trade surplus rose more than expected will imports fell more than exports in June, while French deficit widened below expectations, as the French government budget deficit shrank in June.

 

Similarly, European Commissioner for Financial and Economic affairs said in earlier remarks that the EU needs to coordinate its tax base for the time being and not interest rates, and carry on its tax reforms, adding that fiscal policies inside the region don't target specific tax rates. 

 

Earlier US data showed the JOLTS Job Openings jumped to 6.16 million in June from 5.67 million in May, besting expectations of 5.74 million, while last week, the payrolls report showed the economy created 209 thousand new jobs, while the unemployment rate declined to 4.3%, as average hourly earnings accelerated in line with expectations. 

Forex and Currency News

Forex News

Forex

Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
EUR/JPY news

Forex

Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
EUR/USD news

Forex

Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price faces solid resistance – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price encountered solid resistance at ...
NZD USD Analysis

Forex

The NZDUSD price rises again – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price has returned to rise after a ...
AUD USD Analysis

Forex

The AUDUSD price attempts positively – Forecast today - 26-04-2024
2024-04-26 03:58AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price has shown new positive trades ...