Market news
24.08.2012, 12:17

European session: the euro fell

 

 

Data:
08:30 United Kingdom GDP, q/q (revised) Quarter II -0.3% -0.5% -0.5%
08:30 United Kingdom GDP, y/y (revised) Quarter II -0.2% -0.6% -0.5%
08:30 United Kingdom Business Investment, q/q Quarter II +1.9% +2.8% -1.5%
08:30 United Kingdom Business Investment, y/y Quarter II +14.8% +3.6% +1.7%

The euro fell for the first time in five days against the dollar as Greek Prime Minister Antonis Samaras began meetings with his German and French counterparts to ask for more time to meet economic targets.
The common currency pared the biggest weekly gain versus the greenback since February after a German lawmaker said Europe’s largest economy can’t make more money available for Greece. Samaras is meeting German Chancellor Angela Merkel today and French President Francois Hollande tomorrow.
Merkel said Germany and France will keep pressure on Greece to overhaul its economy when she meets Samaras, who is seeking more time to fix his debt-ravaged country.
The pound dropped for a second day against the dollar after a government report showed the U.K. economy contracted in the second quarter.
Gross domestic product shrank 0.5%, compared with a 0.7% decline estimated on July 25, the Office for National Statistics said in London.

EUR/USD: during the European session, the pair declined, reached $1.2500 area.


GBP/USD: the pair showed low in ​$1.5820 area, later rate slightly retreated higher.


USD/JPY: the pair remained within yesterday's range.



US data starts at 1230GMT with durable goods orders.

© 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.

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
Feedback
Live Chat E-mail
Up
Choose your language / location