2:10 م
Unknown
Forexpros - The euro was steady against the U.S. dollar on Friday,
trading close to a two-week high as markets were jittery ahead of the
release of key U.S. employment data, although encouraging comments by
European Central Bank President Mario Draghi continued to support the
single currency.
EUR/USD hit 1.2994 during European morning trade, the daily low; the pair subsequently consolidated at 1.3011, inching down 0.04%.
The pair was likely to find support at 1.2910, Thursday's low and resistance at 1.3059, the high of September 20.
Markets were eyeing the release of U.S. employment reports later in the day, after the minutes of the Federal Reserve's September policy meeting showed on Thursday that the bank is thinking of linking its outlook for near-zero interest rates to specific economic conditions, such as a decline in the unemployment rate.
The move would represent a shift from the Fed’s policy of tying low rates to the calendar.
Meanwhile, the euro remained supported after ECB President Mario Draghi reiterated that the bank was ready to start purchasing the debt of troubled euro zone states.
Speaking at the ECB's post-policy meeting press conference on Thursday, Draghi said the central bank was ready to undertake Outright Monetary Transactions when the prerequisites are in place and reiterated that the ECB was acting strictly within its mandate in undertaking a bond buying program via OMTs.
The ECB left rates on hold at a record low 0.75% earlier, in a widely anticipated decision.
Earlier Friday, revised data showed that gross domestic product in the euro zone declined by 0.2% in the second quarter, in line with expectations.
The euro was als steady against the pound with EUR/GBP easing 0.04%, to hit 0.8036.
Later in the day, Germany was to release a report on factory orders, while the euro zone was to publish release final data on economic growth.
The U.S. was to produce official data on non-farm payrolls and the unemployment rate, as well as a report on average hourly earnings
EUR/USD hit 1.2994 during European morning trade, the daily low; the pair subsequently consolidated at 1.3011, inching down 0.04%.
The pair was likely to find support at 1.2910, Thursday's low and resistance at 1.3059, the high of September 20.
Markets were eyeing the release of U.S. employment reports later in the day, after the minutes of the Federal Reserve's September policy meeting showed on Thursday that the bank is thinking of linking its outlook for near-zero interest rates to specific economic conditions, such as a decline in the unemployment rate.
The move would represent a shift from the Fed’s policy of tying low rates to the calendar.
Meanwhile, the euro remained supported after ECB President Mario Draghi reiterated that the bank was ready to start purchasing the debt of troubled euro zone states.
Speaking at the ECB's post-policy meeting press conference on Thursday, Draghi said the central bank was ready to undertake Outright Monetary Transactions when the prerequisites are in place and reiterated that the ECB was acting strictly within its mandate in undertaking a bond buying program via OMTs.
The ECB left rates on hold at a record low 0.75% earlier, in a widely anticipated decision.
Earlier Friday, revised data showed that gross domestic product in the euro zone declined by 0.2% in the second quarter, in line with expectations.
The euro was als steady against the pound with EUR/GBP easing 0.04%, to hit 0.8036.
Later in the day, Germany was to release a report on factory orders, while the euro zone was to publish release final data on economic growth.
The U.S. was to produce official data on non-farm payrolls and the unemployment rate, as well as a report on average hourly earnings
0 التعليقات:
إرسال تعليق