Euro propped Global Growth Prospects. Although today correction, the single currency euro still appeared solid move above the level of $ 1.34 due to positive investor sentiment towards global economic growth prospects. The strong euro is also propped up by solid corporate earnings reports in a number of major world bourses as well as positive economic data in the world from Europe, America, China and the developing countries of Asia. Besides easing the debt problems in the euro area Euro helped strengthen the movement.
Throughout last week's economic data released in the Euro area appear satisfactory. At the end of last week (Friday, 25/01), the German business confidence surged above expectations at 104.2 points. Previously, PMI manufacturing figures, both from Germany and also contributed to the euro zone rose above expectations. A series of these data directly support the movement of Euro.
Until well into the European session a common currency used by 17 countries, observed the range 1.3443 to 1.3460 after limited skyrocketed. Meanwhile, on Monday, the Euro managed to score the highest level 1.3477 and closed at 1.3455.German Economic Data Tables & Eurozone Last Week
Throughout last week's economic data released in the Euro area appear satisfactory. At the end of last week (Friday, 25/01), the German business confidence surged above expectations at 104.2 points. Previously, PMI manufacturing figures, both from Germany and also contributed to the euro zone rose above expectations. A series of these data directly support the movement of Euro.
Until well into the European session a common currency used by 17 countries, observed the range 1.3443 to 1.3460 after limited skyrocketed. Meanwhile, on Monday, the Euro managed to score the highest level 1.3477 and closed at 1.3455.German Economic Data Tables & Eurozone Last Week
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