Euro Falls On Growth Worries
The euro depreciated against its major counterparts in European
deals on Thursday amid risk aversion, as minutes from the Federal
Reserve's latest meeting indicated considerable concern about the
outlook for the U.S. economy.
Worries about a resurgence of coronavirus infection in Europe
also weighed, as Germany recorded more than 1.000 new cases for a
third day and Spain reported its highest number of daily infections
Norway said on Wednesday it will impose a 10-day quarantine on
all people arriving from Britain, Austria, Greece and Ireland from
The European Central Bank will publish the account of the
monetary policy meeting held on July 15-16 at 7:30 am ET. The
central bank has committed to stabilize the economy, but it is
unlikely to make any increases in its current programmes.
Data from Eurostat showed that Eurozone's construction output
growth sharply slowed in June, after a strong recovery in May
following three months of steep declines.
Construction output rose 4 percent from May, when it surged 29.4
percent, revised from 27.9 percent.
The euro pulled back from its previous highs of 1.1869 against
the greenback and 125.78 against the yen, falling to a 6-day low of
1.1812 and an 8-day low of 125.25, respectively. The euro is seen
finding support around 1.15 against the greenback and 122.00
against the yen.
The European currency edged lower to 1.0783 against the franc
and 0.9026 against the pound, down from its prior high of 1.0842
and a 3-day high of 0.9069, respectively. On the downside, 1.06 and
0.88 are possibly seen as the next support levels for the euro
against the franc and the pound, respectively.
After rising to 1.5679 at 3:30 am ET, the euro eased off to
1.5631 against the loonie. If the euro slides further, it may find
support around the 1.54 level.
The euro, however, trended higher against the kiwi and the
aussie, reaching a 2-day high of 1.8130 and a 6-day high of 1.6530,
respectively. The euro is likely test resistance near 1.84 against
the kiwi and 1.68 versus the aussie.
Looking ahead, at 7:30 am ET, the European Central Bank releases
the account of the monetary policy meeting of the Governing Council
held on July 15-16.
The U.S. weekly jobless claims for the week ended August 15 and
leading index for July are set for release in the New York
Euro vs NZD (FX:EURNZD)
から 11 2020 まで 12 2020
Euro vs NZD (FX:EURNZD)
から 12 2019 まで 12 2020