Market Commentary and Intraday News

Euro Extends Uptrend Against Majors

218 days ago

(RTTNews) - The European common currency extended its previous session's upward trading against major currencies in early Asian deals on Wednesday.

The euro climbed to more than a 4-month high of 0.8129 against the British pound and a 1-month high of 1.3100 versus the US dollar at around 6:00 pm ET, compared to yesterday's close of 0.8105 and 1.3055, respectively.

Against its Japanese counterpart, the European single currency also advanced further in today's early morning session and hit a fresh multi-week high of 103.38 by about 5:20 pm ET. The euro-yen pair that closed Tuesday's New York session at 130.00, is now worth 103.26.

The European single currency also traded further higher against the currencies of Australia and the Canada. The euro rose to a 3 1/2 -month high of 1.2925 against the loonie at about 5:55 pm ET and a 9-day high of 1.2736 versus the Aussie as of 5:20 pm ET from yesterday's closing values of 1.2883 and 1.2708, respectively. At present, the euro is worth 1.2915 versus the loonie and 1.2716 against the Aussie.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2012 RTTNews.com. All Rights Reserved

View all of today's news »