Euro in early trade continues to be weak
March 1st, 2010
The euro has weakened in the morning on Thursday the European currency trading against the U.S. dollar benchmark price of the ECB on Wednesday, and tends to the late foreign exchange trading in New York. While the single currency higher against the Japanese yen noted, she lost to the Swiss franc and British pound gained ground. At 9 clock, the U.S. dollar against the euro at 1.4086 after the benchmark price was U.S. $ 1.4132 on Wednesday.
The euro continues to remain at a low level, it was said out of the market. From the robust growth of the Chinese economy would help ease Europe's leading currency received as a dealer.
In the course of
the trading day could provide more economic barometer of the United States for movement in the euro / dollar, said a trader. Thus, should give the initial applications for unemployment benefits, the leading economic indicators and the Philadelphia Fed index information about the current state of the world's largest economy.
Tags: currency, largest economy, the euro.