Market Commentary and Intraday News
Euro Strengthens Against Most Majors
261 days ago
(RTTNews) - Ahead of the European session on Friday, the European currency advanced against its most major rivals on optimism after European Central Bank President Mario Draghi unveiled the latest bond purchase plan.
The euro spiked up to a new 2-month high of 99.94 against the yen and more than a 3-month high of 1.2073 against the franc around 2:30 am ET. On the upside, the euro may target 100.5 against the yen and 1.209 against the franc.
At the same time time, the euro inched up to 1.2650 against the greenback with 1.27 seen as the next upside target level.
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