EUR/USD edges up from two-week lows with markets in calm
The post EUR/USD edges up from two-week lows with markets in calm appeared on BitcoinEthereumNews.com.
EUR/USD shows marginal gains at Monday’s European session opening, trading at 1.1520 area at the time of writing, after bouncing from two-week lows at 1.1490 on Friday. The pair edged higher in dozy Asian markets, with Japan closed for bank holidays, and with US markets bracing for a shortened Thanksgiving week. The US Dollar (USD) was hit on Friday’s US session from dovish comments by the New York Federal Reserve (Fed) President, John Williams, who raised hopes of further interest rate cuts in the coming months, and sent the US Dollar Index (DXY) down from multi-week highs. Regarding macroeconomic data, the US preliminary S&P Global Purchasing Managers’ Index (PMI) and the Michigan Consumer Sentiment Index showed fairly positive readings for November, in contrast with the Eurozone PMIs, which revealed that manufacturing activity contracted against expectations. In the Eurozone economic calendar on Monday, the German IFO and European Central Bank (ECB) President Christine Lagarde will be the main focus, while in the US, the only event worth mentioning is the Dallas Fed Manufacturing Index Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.00% 0.09% 0.24% 0.07% -0.06% 0.19% 0.15% EUR 0.00% 0.10% 0.23% 0.07% -0.06% 0.19% 0.15% GBP -0.09% -0.10% 0.14% -0.03% -0.15% 0.09% 0.06% JPY -0.24% -0.23% -0.14% -0.16% -0.29% -0.04% -0.07% CAD -0.07% -0.07% 0.03% 0.16% -0.12% 0.13% 0.08% AUD 0.06% 0.06% 0.15% 0.29% 0.12% 0.25% 0.21% NZD -0.19% -0.19% -0.09% 0.04% -0.13% -0.25% -0.03% CHF -0.15% -0.15% -0.06% 0.07% -0.08% -0.21% 0.03% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the…
