The euro (EUR) rises an impressive 0.7% against the US dollar (USD) and recovers towards the upper end of its range of four sessions, strengthening in conjunction with its regional peers, the Swiss Franco (CHF) and the Swedish crown (SEK), says Shaun Osborne, head of Scotiabank FX.
EUR rises after the IPC in line with what was expected before Thursday’s ECB
“The final figures of the March CPI of the euro zone were in line with expectations (2.2% year -on -year in the hold Tensions provide support and the decrease in concerns allows consolidation. “
“The consolidation of the EUR/USD is extended per fourth session, with an approximately limited movement between 1.12 media and 1.14 media. The impulse is still in overcompra with a RSI greater than 70 and the signal may be hinting out exhaustion.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
