- Analytics
- News and Tools
- Market News
- European session:
European session:
The euro weakened versus the dollar for the first time in five days as the German Bundesbank said growth in Europe’s largest economy will probably slow, prompting traders to reduce bets the European Central Bank will increase interest rates.
Europe’s common currency snapped four days of gains against the yen. German growth is “likely to ease somewhat in the foreseeable future,” the Frankfurt-based Bundesbank said in its monthly bulletin published today. The krone climbed against the euro as Norges Bank Governor Oeystein Olsen said Norway’s currency may appreciate further as growth accelerates.
“Any kind of sign that growth is slowing in the euro zone, people are overreacting and that’s why we’ve seen this sell- off,” said London-based Kathleen Brooks, research director at Forex.com, a unit of online currency trading company Gain Capital Holdings Inc. “People were looking for any excuse to sell the euro and book a bit of profit.”
© 2000-2024. All rights reserved.
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.
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.
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
