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Eur traded against the major currencies after the euro zone data

2019-06-13 10:31 am | Resource: News | No Views : 60

تباين  تداولات اليورو مقابل العملات الرئيسية بعد بيانات منطقة اليورو

The second most important currency in the international monetary system has seen an increase in its role from a record low last year and early 2019, according to a report released by the European Central Bank on Thursday. The euro's share of foreign exchange reserves worldwide rose by 1.2 percentage points to 20.7 percent at constant rates, with the outstanding amount falling by 0.2 percent in dollar terms.

"Many emerging-market economies have sold their foreign exchange reserves to stabilize their domestic currencies amidst more stringent financial conditions and the effects of capital flows," said policymakers, "much of which was in US dollars, mechanically supporting the euro's share." Initial signs. They have highlighted sanctions-relief measures such as those imposed on Russia and attributed half a point to the change. The dollar's share fell to 61.7%, a record low since the euro began.

The share of the common currency in the issuance of debt at current exchange rates jumped 2.5 points to 22.7% amid the appreciation of the dollar.

Industrial production in the eurozone is down more than 4 months

Data from Eurostat showed on Thursday that industrial production in the euro area fell at its fastest pace in four months in April.
  • Industrial production fell 0.5 percent on a monthly basis in April, after a 0.4 percent drop in March. This was in line with economists' expectations.
  • The last decline in production was the worst since December of last year, when it fell 0.9 percent.
  • The recent decline was driven by a 1.7 percent drop in durable consumer goods. Capital goods and intermediate goods decreased by 1.4% and 1.0%, respectively.
  • While energy production rose by 1.4 per cent and non-durable goods increased by 0.2 per cent.
  • On an annualized basis, industrial production fell by 0.4 percent in April, following a 0.7 percent drop the previous month.

EUR trades against major currencies
  • The euro traded in red trading at 122.44 against the yen.
  • The euro fell against the franc to 1.1215, shedding 0.19%.
  • The euro rose against the British pound to 0.8908, gaining 0.03%.
  • The euro fell to 1.12904 against the dollar at around 11:02 CET.


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Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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