Euro Rises As French Election Worries Ease
01 7월 2024 - 12:48PM
RTTF2
The euro strengthened against other major currencies in the
Asian session on Monday, as worries about French election
eased.
France's far-right would not garner enough seats for an overall
majority in legislative elections, easing concerns about further
strains on the country's public finances.
President Emmanuel Macron has called for a "broad" alliance
against the far right in the second round, which will see run-off
votes between two or three candidates where there was no outright
winner in the first round.
Meanwhile, after a key U.S. inflation reading matched
expectations, investors now await remarks by Fed Chair Jerome
Powell, minutes of Fed's June FOMC meeting, jobs data for June, job
openings data for May and reports on manufacturing and service
sector activity this week for more clarity on the Federal Reserve's
stance.
In the Asian trading today, the euro rose to a 32-year high of
173.39 against the yen and nearly a 4-week high of 0.8500 against
the pound, from Friday's closing quotes of 172.30 and 0.8471,
respectively. If the euro extends its uptrend, it is likely to find
resistance around 176.00 against the yen and 0.86 against the
pound.
Against the Swiss franc and the U.S. dollar, the euro advanced
to near 3-week highs of 0.9686 and 1.0775 from last week's closing
quotes of 0.9628 and 1.0713, respectively. The euro may test
resistance around 0.99 against the franc and 1.09 against the
greenback.
The euro climbed to nearly a 2-week high of 1.4724 against the
Canadian dollar, from last week's closing value of 1.4652. On the
upside, 1.49 is seen as the next resistance level for the euro.
Against the Australia and the New Zealand dollars, the euro
edged up to 1.6148 and 1.7655 from Friday's closing value of 1.6064
and 1.7597, respectively. The euro is likely to find resistance
around 1.64 against the aussie and 1.78 against the kiwi.
Looking ahead, PMI reports from various European economies and
U.K. for June and the Bank of England's mortgage approvals data for
May are due to be released in the European session.
In the New York session, U.S. PMI data for June is slated for
release.
At 8.00 am ET, Destatis publishes Germany's flash inflation
figures for June. Consumer price inflation is forecast to ease
slightly to 2.3 percent from 2.4 percent in May.
Euro vs CHF (FX:EURCHF)
외환 차트
부터 6월(6) 2024 으로 7월(7) 2024
Euro vs CHF (FX:EURCHF)
외환 차트
부터 7월(7) 2023 으로 7월(7) 2024