Investing.com - The euro was steady to higher against the other major currencies on Monday, but the single currency remained vulnerable as uncertainty over Spain and Greece continued to weigh.
During European early afternoon trade, the euro inched higher against the U.S. dollar, with EUR/USD easing up 0.07% to 1.2962.
Sentiment on the euro remained fragile amid some disappointment in markets after Madrid did not request financial aid over the weekend and a request for a bailout is now seen as increasingly unlikely ahead of regional elections on October 21.
Elsewhere in the euro zone, uncertainty over when Greece will receive its next tranche of financial aid remained a source of concern.
Greek Prime Minister Antonis Samaras said Sunday his country was facing the “last hurdle” before recovery and expressed confidence that the government will reach an agreement with international creditors ahead of Thursday’s European Union summit.
Meanwhile, worries over the outlook for global growth eased after China posted better-than-expected trade data over the weekend, with official data showing that the trade surplus unexpectedly widened in September as export demand increased.
The single currency was higher against the pound, with EUR/GBP rising 0.17% to 0.8073.
Sterling remained vulnerable ahead of upcoming U.K. data on retail sales, employment and inflation later in the week, amid concerns that weak numbers could further undermine hopes for a sustained economic recovery and increase the likelihood for more easing by the Bank of England.
The euro gained ground against the yen, with EUR/JPY climbing 0.42% to 102.03 and remained steady against the Swiss franc, with EUR/CHF edging up 0.02% to 1.2091.
Earlier Monday, official data showed that Swiss producer price inflation rose by 0.3% in September, slightly better than expectations for a 0.2% gain.
The shared currency was little changed against the Australian, New Zealand and Canadian dollars, with EUR/AUD easing up 0.08% to 1.2663, EUR/NZD adding 0.12% to trade at 1.5887 and EUR/CAD dipping 0.08% to 1.2678.
In Australia, official data showed that new home loan approvals were up 1.8% in August, compared to expectations for a 1.4% increase.
Later in the day, the U.S. was to release official data on retail sales, as well as a report on business inventories.
During European early afternoon trade, the euro inched higher against the U.S. dollar, with EUR/USD easing up 0.07% to 1.2962.
Sentiment on the euro remained fragile amid some disappointment in markets after Madrid did not request financial aid over the weekend and a request for a bailout is now seen as increasingly unlikely ahead of regional elections on October 21.
Elsewhere in the euro zone, uncertainty over when Greece will receive its next tranche of financial aid remained a source of concern.
Greek Prime Minister Antonis Samaras said Sunday his country was facing the “last hurdle” before recovery and expressed confidence that the government will reach an agreement with international creditors ahead of Thursday’s European Union summit.
Meanwhile, worries over the outlook for global growth eased after China posted better-than-expected trade data over the weekend, with official data showing that the trade surplus unexpectedly widened in September as export demand increased.
The single currency was higher against the pound, with EUR/GBP rising 0.17% to 0.8073.
Sterling remained vulnerable ahead of upcoming U.K. data on retail sales, employment and inflation later in the week, amid concerns that weak numbers could further undermine hopes for a sustained economic recovery and increase the likelihood for more easing by the Bank of England.
The euro gained ground against the yen, with EUR/JPY climbing 0.42% to 102.03 and remained steady against the Swiss franc, with EUR/CHF edging up 0.02% to 1.2091.
Earlier Monday, official data showed that Swiss producer price inflation rose by 0.3% in September, slightly better than expectations for a 0.2% gain.
The shared currency was little changed against the Australian, New Zealand and Canadian dollars, with EUR/AUD easing up 0.08% to 1.2663, EUR/NZD adding 0.12% to trade at 1.5887 and EUR/CAD dipping 0.08% to 1.2678.
In Australia, official data showed that new home loan approvals were up 1.8% in August, compared to expectations for a 1.4% increase.
Later in the day, the U.S. was to release official data on retail sales, as well as a report on business inventories.