Euro gives up 27-month peak on profit-taking

2020-08-07 09:09:30 GMT (Economies.com)
Euro gives up 27-month peak on profit-taking

Euro fell on Friday against dollar away from 27-month highs on profit-taking while still heading for the seventh weekly profit in a row, the longest such streak since 2017. 

 

EUR/USD fell 0.5% to 1.1819, after closing up 0.1% yesterday, marking 27-month highs at 1.1915. 

 

The pair is up 0.5% so far this week, on track for the seventh weekly gain in a row. 

 

The successive gains came after EU leaders agreed on a historic fiscal stimulus package, with data pointing to a quick European recovery from Covid 19. 

 

From the US, payrolls are expected up 1.530 million in July, adding to a 4.80 million increase in June, while average hourly earnings are expected down 0.5%, and the unemployment rate is estimated down to 11.1% from 12.3%. 

 

 
 
 
  Symbol Last Change Chg.%
1.1731
0.0060
0.5124%
1.2924
0.0055
0.4313%
Tadawul
8299.08
16.57
0.20%
23.352
-0.004
0.017%
40.034
-0.256
0.635%
40.95
-0.08
0.19%
1888.340
15.645
0.835%
 
 
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