Euro on track for first weekly profit in three versus dollar

2018-04-13 16:11:45 GMT (Economies.com)
Euro on track for first weekly profit in three versus dollar

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

 

As of 03:08 GMT, EUR/USD rose 0.02% to 1.2329 from the opening of 1.2326, with a session-high at 1.2346, and a low at 1.2307. 

 

Earlier German data showed consumer prices rose 0.4% in March as expected, down from .5% in February, while the trade surplus for the whole euro zone rose to 21 billion euros in February from 20.2B in January. 

 

European Central Bank member Jan Smets said in earlier remarks that low inflation has become a long-term issue, while pointing to several persistent uncertainties in the euro zone that pose risks to economic growth. 

 

Otherwise, University of Michigan released its preliminary consumer sentiment survey, showing a drop to 97.8 in April from 101.4 in March, missing expectations of 100.6. 

 

US JOLTS job openings fell to 6.05 million in February from 6.23 million in January, also missing forecasts of 6.11 million. 

 
 
 
  Symbol Last Change Chg.%
1.1699
0.0068
0.5816%
1.3205
0.0135
1.0314%
14.223
0.157
1.113%
71.040
2.053
2.975%
79.38
-0.02
0.03%
1203.235
9.460
0.792%
 
 
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