Investing.com - The Euro traded higher against the U.S. Dollar Friday in early U.S. trade, despite Standard & Poor’s slashing Spain’s debt rating two levels to BBB+, as Switzerland’s KOF economic barometer climbed more-than-expected last month and investors await the U.S. GDP numbers.
EUR/USD traded at 1.3230 during U.S. afternoon trade, climbing 0.07%.
The pair was likely to find support at 1.3105, Monday’s low, and resistance at 1.3263, Thursday’s high.
Supporting the single currency, data indicated Switzerland’s KOF economic barometer rose more-than-expected to a seasonally adjusted 0.40 last month from 0.09 in the preceding month whose figure was revised up from 0.08.
Analysts had expected the KOF economic barometer to rise to 0.26 last month.
S&P slashed Spain’s long term debt rating to BBB+ reporting that the outlook is negative in the face of the recession undermining efforts to cut the budget deficit.
In other Spanish news, the jobless rate spiked to 24.4%, hitting an eighteen year high, the National Statistics Institute reported.
Meanwhile, in Japan, the central bank expanded its plan for government-bond purchases by 10 trillion yen to support the economy.
Investors are awaiting the U.S. GDP later in the session.
Economists have projected the GDP to have grown at 2.5% annual rate, down from the 3% gain in the previous 3 months pressuring the greenback.
Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.17% to hit 0.8155 and EUR/JPY falling 0.26% to hit 106.80.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Forex - EUR/USD higher on GDP anticipation, Swiss numbers
Published 04/27/2012, 07:26 AM
Updated 04/27/2012, 07:29 AM
Forex - EUR/USD higher on GDP anticipation, Swiss numbers
Latest comments
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.