Euro sluggish after yesterday's fall

Economies.com
2017-08-15 04:15AM UTC

Euro slowed down near yesterday's lows, as dollar held its ground and demand rose on stock markets.

 

EUR/USD last traded at 1.1783, up from the opening of 1.1776, with a session-high at 1.1793 and a low at 1.1776.

 

Euro was little changed amid increased market’s risk appetite as North Korea-U.S. fears faded, leading Asian shares sharply higher.

 

Dollar’s gains knocked down euro, combined with Eurozone’s negative industrial production data, which affected Eurozone’s currency negatively.

 

Markets wait for a wide array of Eurozone data later this week, including; GDP, CPI and ECB minutes.

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