The euro is rising against the dollar
The past trading week was generally favorable for the euro / dollar. Investors are waiting for the report on the activity of the private sector, and because the euro is rising against the dollar on Monday. Growth is also associated with positive statistics of manufacturing activity in China.
The euro / dollar rose to 1.3608 (after the session low of 1.3564). It is likely that this pair will be supported at 1.3540 and will stop at 1.3642 (recorded maximum 19 June).
The risk of attracting investors after a report in China and HSBC manufacturing index has become at the level of 50.8 in June – the final value was 49.4 in May. It should be noted that for the first six months this index has reached a point 50 and has passed it.
weakening in the world growth rate of the second-largest economy is not
confirmed the reports, fears of lower growth rate is not observed.
This past weekend the euro hit lows this session, when President
ECB Mario Dragi confirmed a stabilization
interest rates in the near future, and the purchase of assets will also remain
the prerogative of the central bank.
Earlier this month, the bank has lowered the rate to
a record low, and it has adopted a number of measures to prevent deflation
euro zone, raising the level of lending companies.
Eurozone publishes an activity report in the field of manufacturing and service sector.
Monday noticed a slight decrease in the single currency – the ratio
EUR / JPY fell to 138.71 (-0.08%). In turn, the couple’s relationship
USD / JPY also weakened – dropped to 101.94 (-0.12%).
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