European session: The euro strengthened

The euro strengthened against most of its major peers amid speculation data today will show the U.S. job market is improving, bolstering optimism about the global economy after German figures showed rising exports.

The dollar declined for a third straight day against the European single currency.

The yen fluctuated between gains and losses as Moody’s Investors Service said the outlook for Japan’s sovereign credit rating was stable.

German exports rose 0.5 percent from November, a second month of gains, the Federal Statistics Office said today. Economists had forecast an increase of 1 percent, according to the median of estimates in a survey.

Losses by the dollar were tempered before Federal Reserve Chairman Ben S. Bernanke testifies today at a hearing of the House Budget Committee.

“Bernanke is likely to emphasize fiscal tightening,” analysts led by Hans-Guenter Redeker, London-based global head of foreign-exchange strategy at BNP Paribas SA, wrote yesterday. “While this would normally be negative for a currency, it will prove positive for the dollar in this case, given concerns over sovereign risk.”

Latest news

19.04.2024

NZD/USD Price Analysis: Bearish trend prevails, potential for further declines expected

19.04.2024

GBP/JPY Price Analysis: Slumps below 192.00 amid risk-off mood

19.04.2024

USD/JPY Price Analysis: Consolidates around 154.60 on Japanese intervention fears

19.04.2024

NZD/JPY Price Analysis: Bearish momentum strengthens as sellers reclaim the 20-day SMA

19.04.2024

Gold surges amid Israel-Iran conflict, Fed’s hawkish talk

19.04.2024

EUR/JPY Price Analysis: Bullish push persists, eyes on waning momentum

19.04.2024

EUR/USD consolidates losses with upside attempts capped below the 1.0700 area

19.04.2024

GBP/USD drops after mixed UK retail sales, risk aversion

Support

Personal area

Trading
- Account types
- Market
- MetaTrader 4/5
Promotions
- Promotions
Investments
- Synchronous Trading
  - Rating
  - About Service
  - How it Works
  - FAQ
Analytics
- News and Tools
- Market analysis
  - Market Opinions
  - Technical Analysis
TeleTrade
- About brand
- Сooperation

Personal area

Forex Demo Account

Start Bonus 100%

Synchronous Trading

Our Advantages

Economic Calendar

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers