The Euro received support earlier in the trading session yesterday

The euro failed to hold long gains against the dollar around 1.13 levels to drop at the end of trading yesterday as the dollar recovered against a basket of currencies.

The euro gained support earlier in the day than the German business confidence index rose this month at a pace that exceeded expectations, but the single currency ignored the figures as the dollar recovered.

The euro is hovering around 1.1280 against the dollar as more numbers and corporate disclosures await its quarterly results in the first quarter, boosting risk appetite and supporting the single currency slightly.

The Euro received support earlier in the trading session yesterday

Comments

Popular posts from this blog

FOREX-Dollar drops after U.S. retail data suggests economic slowdown

E&O posts 3Q net loss on forex loss, holding cost

FOREX-Yen gains as new year trade starts on cautious note