Euro stabilized against major after good data from Germany
2019-11-08 12:36 pm | Resource: News | No Views : 39
The euro was mixed after data showed that exports in Germany rose more than analysts had expected in September on a monthly basis. Imports also rose but at a slower pace, with Europe's largest economy reporting a trade surplus.
Pompo: The United States wants more trade and unity with the EU
Meanwhile, US Secretary of State Mike Pompo said on Friday the United States wanted to increase its trade with Europe. He also said that Europe and the United States need to "stand in unity" against China and Russia, stressing that the latter run "led by a former officer in the Soviet intelligence (KGB) was stationed in Dresden." Pompeo went on to criticize Moscow and said Russia was "invading its neighbors and killing political opponents."
Focusing on trade, outgoing European Commission President Jean-Claude Juncker said that the United States will not impose tariffs on EU cars despite the fact that the two sides have not yet reached a trade agreement.
French industrial production rebounded in September
In other data, French industrial production grew in September, after falling the previous month, data from the INSEE showed on Friday.
- Industrial production rose seasonally and the labor day adjustment was up 0.3 percent month-on-month in September
- Industrial production increased 0.6% monthly in September, reversing a 0.8% decline the previous month.
- Production in mining, quarrying, energy, water supply and waste management decreased by 1.5 per cent. Construction output grew 1.8 percent.
At the trade level, traders monitored trade developments. With little economic calendar and corporate profits, the US-China trade deal remained in focus; the deal could be signed in early December, according to reports. China claimed earlier that it had agreed with Washington to abolish existing tariffs, while White House trade adviser Peter Navarro said there was no such agreement.
• The euro fell 0.09% against the dollar to trade at 1.1029 levels.
• The euro fell against the pound by 0.03% to trade the euro pound at 0.8607.
• EURJPY rose 0.01% to EURJPY at 120.69.
• Against the Australian dollar, the euro rose 0.29% to trade at 1.6055
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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