The euro was trading close to 11-year lows against the dollar on
Tuesday as investors anticipated possible monetary easing by the
European Central Bank this week, while Chinese growth data boosted the
dollar against the yen.
EUR/USD dipped 0.15% to 1.1585, not far from last Friday’s 11-year trough of 1.1459.
The euro shrugged off data showing that German economic sentiment rose to its highest level in nearly a year this month.
The closely watched ZEW index of German economic sentiment rose for a third month to 48.4 in January from 34.9 in December, ahead of forecasts of 40.0.
The report boosted hopes that Germany’s economy, the euro zone’s largest would rebound in 2015 after weakening at the end of last year.
The ZEW survey of euro zone economic sentiment increased to a six-month high of 45.2 from 31.8 in December, beating forecasts of 37.6.
The euro remained under pressure as investors waited to see if the ECB would embark on an outright quantitative easing program at its upcoming meeting on Thursday.
Read more Click Here / www.trade4x.net
EUR/USD dipped 0.15% to 1.1585, not far from last Friday’s 11-year trough of 1.1459.
The euro shrugged off data showing that German economic sentiment rose to its highest level in nearly a year this month.
The closely watched ZEW index of German economic sentiment rose for a third month to 48.4 in January from 34.9 in December, ahead of forecasts of 40.0.
The report boosted hopes that Germany’s economy, the euro zone’s largest would rebound in 2015 after weakening at the end of last year.
The ZEW survey of euro zone economic sentiment increased to a six-month high of 45.2 from 31.8 in December, beating forecasts of 37.6.
The euro remained under pressure as investors waited to see if the ECB would embark on an outright quantitative easing program at its upcoming meeting on Thursday.
Read more Click Here / www.trade4x.net
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