Eur fell against the currencies under pressure weakened euro zone economy
2019-04-24 02:43 pm | Resource: NEWS | No Views : 237
Doubts cast the euro zone's economic strength on the common currency on Wednesday, which hit 7.5226 yuan overseas, the lowest level since June 21.
The euro also fell to $ 1.11808 for the first time in a month and a half and approached the lowest level. In more than 14 months. Investors made a profit of 8% in earnings of Credit Suisse, the first major European bank to report quarterly results, but overall investors did not appear to be affected by 4% year-on-year.
The Standard & Poor's 500 Index, the broadest Wall Street index, closed yesterday at its all-time high, with some upbeat earnings from some heavyweights in the United States.
Snape shares unexpectedly fell more than 7% after earnings report
Shares of US technology company Snape Shatt. Up more than 7% in early Wall Street trading on Wednesday.
Yesterday, the Los Angeles-based technology company announced revenue for the first quarter of 2019 was $ 320 million, up 39 percent from the same period last year. The company also said net loss was $ 310 million in the first three months of the year, down 20 percent from the same period in 2018.
Snape shares fell 6.33% at 9:48 am. The social networking platform has overtaken the last 30 days, gaining almost 14% last month.
Zarif United States will face consequences if it stops Iranian oil sales
Iran believes it will find buyers for its oil, Iran's foreign minister said on Wednesday, warning the United States that it would face "consequences" if it tried to block the sale. In addition, Zarif claimed that keeping the Strait of Hormuz open was in Tehran's security interest and that the IRGC would continue to protect it. "We will continue to use the Strait of Hormuz as a safe passage to sell our oil," he said.
Earlier, Iranian President Hassan Rowhani claimed that negotiations with the United States were impossible unless Washington lifted sanctions on his country.
EUR trades against major currencies
- The Euro dropped 0.3% at 3:53 pm CET, trading at $ 1.11838.
- The exchange rate against the Chinese yuan fell by 0.34 percent at 7.53.
- The Euro currency fell 0.4% against the GBP to trade at £ 0.86438
- Against the Japanese Yen, the Euro was down 0.35% at 125.155 yen
- In front of the franc, the euro was down 0.5% with the euro trading at CHF 1.13968.
- Earlier, the levels reached 125.085 yen, the lowest level in 13 days, and 1.13925 Swiss francs, the weakest point since April 19.
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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