Euro Higher On Trump's Recovery, Encouraging Eurozone Sentix Investor Sentiment
The euro strengthened against its major counterparts in the
European session on Monday, as Eurozone investor confidence
improved more-than-expected in October and U.S. political
uncertainty reduced after President Donald Trump's medical team
suggested that he could be discharged from the hospital as early as
Risk sentiment improvement after Trump's medical team suggested
that his condition is improving following treatment for Covid-19
and could be sent back to the White House today. "It's been a very
interesting journey. I learned a lot about COVID," Trump said,
standing in his hospital room in a video posted on social media. "I
learned it by really going to school." He added, "I get it, and I
Investors are pinning hopes that America will pass a new
stimulus bill sooner rather than later. Trump tweeted over the
weekend that the U.S. "wants and needs stimulus".
House Speaker Nancy Pelosi told CBS in an interview that
progress was being made on coronavirus relief legislation to
respond to the economic fallout from the coronavirus pandemic.
Survey data from Sentix showed that Eurozone economic index rose
better than forecast in October.
The investor confidence index came in at -8.3 in October, better
than expectation of -9.5. Nonetheless, it was down from the
September score of -8.0.
The EUR/USD pair hit a 4-day high of 1.1754, versus Friday's
trading close of 1.1714. The euro is seen finding resistance around
the 1.20 mark.
Extending early rally, the euro appreciated to a 4-day high of
124.18 against its Japanese counterpart. The pair had finished last
week's deals at 123.39. Next key resistance for the euro is likely
seen around the 127.5 level.
The latest survey from Jibun Bank showed that the services
sector in Japan continued to contract in September, albeit at a
slower pace, with a seasonally adjusted services PMI score of
That's up from 45.0 in August, although it remains beneath the
boom-or-bust line of 50 that separates expansion from
After falling to near a 3-week low of 1.0735 at 7:30 pm ET, the
euro rose to 1.0778 against the franc. Should the euro rallies
further, it is likely to test resistance around the 1.10
The euro bounced off to 1.5599 against the loonie, from a 1-week
low of 1.5561 seen at 3:00 am ET. The euro is likely to face
resistance near the 1.58 region.
The euro recovered to 1.7688 against the kiwi and 1.6373 against
the aussie, reversing from near 2-week lows of 1.7618 and 1.6308,
respectively hit in early deals. The next possible resistance for
the euro is seen around 1.82 against the kiwi and 1.66 against the
In contrast, the euro pulled back to 0.9059 against the pound,
from a high of 0.9088 set at 3:00 am ET. The euro may face support
around the 0.88 mark.
Looking ahead, the U.S. ISM non-manufacturing composite index
for September will be out in the New York session.
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