The stability of the euro against the US dollar waiting for the German confidence data

The euro stabilized during the Asian market on Monday at the start of the week against most major currencies, within a limited range against the US dollar after gains over three consecutive days, with investors awaiting for important data on the business climate confidence in Germany, the largest economy in the euro zone, and the dollar index stabilized after suffering a loss last week under the pressure of declining expectations of raising US interest rates during the current year, and the US economy later in the day waiting for important data on the housing sector represented in new home sales during August.

The euro

The euro on Friday rose 0.2 percent against the US dollar, the third daily gain in a row, and over the past week has achieved an increase of 0.7 percent, its second weekly gain in three weeks, due to receding fears of deepened monetary policy between the central banks in Europe and the United States differ.

The euro against the US dollar by 07:35 GMT, trading at 1.1230 from an opening price of 1.1228 after recording the highest price of 1.1241 and the lowest of 1.1220.

The euro against the US dollar by 07:35 GMT, trading at 1.1230 from an opening price of 1.1228 after recording the highest price of 1.1241 and the lowest of 1.1220.

Issued by 08:00 GMT Ifo index to measure the business climate in Germany during September expecting 106.3 points from 106.2 points in August.

U.S. dollar

The dollar index ended trading on Friday, up by 0.1 percent, in the first one-day gain in three days, due to rebounding from the lowest level operations in about two weeks 94.94 points, but lost 0.7 percent over the whole trading last week, the second weekly loss during the three weeks due to the recent decline of the expectations of raising US interest rates during the current year, especially after the "Fed" Federal reserve pointed to the need for more evidence on the economic data improvement to raise interest rates.

By the time 07:36 GMT, the dollar index is trading around the level of 95.35 points from the opening level of 95.41 points, and recorded the highest level of 95.45 points and 95.31 points as the lowest level.

The dollar index stabilized during the Asian market on Monday within a limited range of trades, and the US later in the day waiting for important data on the housing sector, the second-best performing sector after the labor market during the third quarter of this year.

Published by 14:00 GMT new home sales is forecast to add 598 thousand homes in August of 654 thousand homes in July.