Euro gains ground on dollar

Economies.com
2018-12-03 17:49PM UTC

Euro rose in American trade on Monday away from November 14 lows against the greenback, following an assortment of data from the euro zone and the US today. 

 

As of 05:33 GMT, EUR/USD rose 0.39% to 1.1361, with a session-high at 1.1380, and a low at 1.1319. 

 

Earlier Spanish data showed the manufacturing PMI rose to 52.6 from 51.8, while the same index in Italy receded further to 48.6 from 49.2. 

 

The manufacturing PMI for France rose to 50.8, and to 51.8 in Germany, while also rising to 53.1 for the whole euro zone, besting estimates of 51.6 easily. 

 

Federal Reserve Governor Richard Clarida was interviewed today by Bloomberg TV & Radio, while Federal Reserve Governor Randal Quarles spoke about the economic outlook and monetary policy at the Council on Foreign Relations, in New York. 

 

Earlier US data showed the final Markit Manufacturing PMI down to 55.3 in November from the flash trading of 55.4, and down from 55.4 in October. 

 

The US ISM manufacturing PMI rose to 59.3 in November from 57.7, beating estimates of 57.5. 

 

ISM manufacturing prices tumbled to 60.7 from 71.6, missing estimates of 70.1. 

 

Construction spending fell 0.1%, same as September and missing estimates of a 0.4% increase. 

 

Forex and Currency News

Forex News

Forex

Dollar hovers near six-week high ahead of consumer spending data, Powell's remarks
2024-03-29 11:28AM UTC
Dollar Strengthens Amid Declining Rate Cut Odds The dollar rose in European trade on Friday ...
EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...

Forex Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...