The Euro is trading higher on Thursday for a fifth session after erasing earlier losses fueled by optimism of a closer fiscal union in Europe. Rising tensions between the United States and China as well as weak Euro Zone economic news put pressure on the single-currency earlier in the session.
Short-covering ahead of key U.S. economic reports could also be providing support. These include Weekly Jobless Claims at 12:30 GMT and Flash Manufacturing PMI at 13:45 GMT.
France and Germany proposed a 500-billion-Euro ($543 billion) recovery fund on Monday to offer grants to regions and sectors hit hardest by the coronavirus pandemic, raising hopes that European policymakers were taking more decisive steps to tackle the economic damage.
On Thursday, the Euro fell into negative territory as fresh data again showed the devastating impact of the coronavirus on the Euro Zone economy, though the situation eased as some governments partially lifted lockdowns.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.