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Eur rose against the major currencies after data from the euro area

2019-04-29 09:49 am | Resource: News | No Views : 138

Euro rose against the major currencies after data from the euro area

EURUSD and the major currencies recorded gains during the opening hours of the week following a number of morning data including data on loans and the eurozone consumer confidence index.

Consumer Confidence in the Eurozone at -7.9 in April

Consumer confidence in the eurozone was at -7.9 in April, the European Commission said in a statement released on Monday.

The European Union consumer confidence index as a whole was 7.2. Both the euro zone and the EU were higher than the long-term average at -11.3 for the euro area and -10.4 for the EU.

Meanwhile, the Euro-Zone Business Climate Index came in at 0.42, down 0.12 points. Euro zone economic sentiment reached 104 in April, dropping 1.6 points while European Union economic sentiment fell by 1.5 points to 103.7.

ECB: Loan growth for companies slows to 3.5%

The European Central Bank (ECB) said on Monday that total M3 money rose 4.5% last month on an annualized basis after the interest rate was measured at 4.3% in the previous report. The 12-month increase in adjusted loans to private companies slowed to 3.5% from the February rate of 3.8%. Households came in at 3.2% or 0.1 percentage points lower. The update also revealed an annual increase in cash supply measurement that has fallen to 7.4% from 6.6%.

The growth rate of deposits by households fell by 5.7%, compared to 5.6% in the previous update, while non-financial deposits increased by 5.7% last month in terms of annual value, falling 0.1 points. Year-on-year deposits by non-cash financial companies fell 2.6% after falling 3.6% in February. This procedure does not include insurance companies and pension funds.

EUR trades against major currencies
  • The euro traded higher against the franc to 1.1377.
  • The single currency was trading in green against the yen to 124.80 levels.
  • Against the British Pound, the Euro was trading steady at 0.8624.
  • The euro rose in morning trading against the dollar to 1.1164 at around 11:02 CET.


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