The euro ended today’s trading session with gains against the US dollar as European macroeconomic data was good in contrast to US reports that were disappointing. The currency also gained on the Great Britain pound but was unable to outperform the Japanese yen.
The German Consumer Price index rose 0.5 percent in February according to the final estimate, unchanged from the preliminary projection. Employment in both eurozone and the European Union rose 0.1 percent in the fourth quarter of 2013, while specialists have expected no growth. As a bit of bad news, employment contracted on a year-over-year basis.
The data allowed the euro to gain on the dollar, which was hurt by poor US economic indicators, and the pound, which was also weak. The yen was too strong and managed to outperform the shared European currency.
EUR/USD gained from 1.3867 to 1.3905 and EUR/GBP advanced from 0.8341 to 0.8358 today. At the same time, EUR/JPY dropped from 141.22 to 140.87.
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