The euro rose on Friday against a basket of private currencies the US dollar but gains limited came in trading dominated by caution ahead of a referendum Greece next Sunday on the terms of the bailout, the US dollar fell for a second day in a row due to receding expectations of raising US interest rates in September, and rose the pound sterling after data showed a widening British service sector growth during June June
The pair is trading the euro against the US dollar by 11:45 GMT on the level of 1.1100 from an opening price of 1.1083 after recording the highest price and the lowest price of 1.1117 1.1056.
The euro rise for the second consecutive day against the US dollar and that the gains were limited, taking advantage of the decline in the US currency, after data exceeded expectation for the Eurozone retail sales in May, recorded sales rise by 0.2 percent, while expectations indicated to rise 0.1 percent, recorded higher sales 0.7 percent in April April
Dominated by cautious investors pending the outcome of a referendum in Greece on Sunday after about the terms of the creditors to give Athens a new rescue package, and latest polls showed nearly supporters camp with the terms of the rescue with the naysayers camp is backed by the Government of the leftist Alexis Tsipras.
The dollar index, which measures the US currency’s performance against a basket of currencies for the second day in a row under the influence of negative data released yesterday in the United States, which showed a decline in new jobs during June and lower average wages and rising jobless claims.
These data raised doubts about the strength of the performance of the world’s largest economy enough to do the Federal Reserve to raise interest rates in September next September, especially after the link between members of the Board to raise interest rates with knives economic data improved.
It is worth mentioning that the financial markets and banks are closed today in the United States to spend a public holiday in celebration of Independence Day.
The pound rose to $ 1.5643 from the opening level of 1.5609 within the patch from its lowest level in recorded operations yesterday after two weeks and positive data in London showed the breadth of the services sector growth over the past month.
Purchasing managers’ index construction sector record level of 58.5 in June from the level of 56.5 in May, better than the forecast which indicated the level of 57.4.
0 comments:
Post a Comment