Investing.com - The euro was modestly higher against all of its global counterparts on Tuesday, supported by hopes that a liquidity operation by the European Central Bank would bolster risk appetite but gains were capped amid uncertainty over whether the effect could be short lived.
During European late morning trade, the euro was up against the U.S. dollar, with EUR/USD rising 0.31% to hit 1.3438.
Sentiment on the single currency was buoyed as markets looked ahead to Wednesday's launch of the ECB’s second three-year long-term refinancing operation, after a similar liquidity injection in December eased pressure on peripheral euro zone bond markets.
On Monday, Germany’s parliament approved the euro zone’s second bailout for Greece by a comfortable margin.
Market reaction was muted after Monday’s announcement by ratings agency Standard & Poor’s that it had cut Greece’s long term credit rating to 'selective default' after the country embarked on a debt swap deal with its private creditors.
Elsewhere, the euro was higher against the pound, with EUR/GBP adding 0.18% to hit 0.8480.
Earlier Tuesday, the Confederation of British Industry reported that retail sale volumes in the U.K. improved significantly this month, after tumbling to the lowest level since March 2009 in January.
The single currency pushed higher against the yen, with EUR/JPY climbing 0.19% to hit 108.20.
In Japan, official data showed that retail sales rose unexpectedly in January, climbing 1.9% after a 2.5% rise the previous month, defying expectations for a decline of 0.2%.
The euro was steady against the Swiss franc, with EUR/CHF inching up 0.03% to hit 1.2050.
A report earlier showed that Switzerland's UBS consumption indicator eased down slightly in January but indicated that consumer sentiment looks likely to remain robust in the coming months.
Meanwhile, official data showed that the number of people employed in Switzerland declined less-than-expected in the fourth quarter.
The euro was stronger against the commodity linked Australian, New Zealand and Canadian dollars, with EUR/AUD gaining 0.28% to hit 1.2487, EUR/NZD advancing 0.60% to hit 1.6063 and EUR/CAD inching up 0.05% to hit 1.3390.
Later in the day, Germany was to release official data on consumer price inflation, while the U.S. was to produce official data on durable goods orders, as well as reports on house price inflation and consumer confidence.
During European late morning trade, the euro was up against the U.S. dollar, with EUR/USD rising 0.31% to hit 1.3438.
Sentiment on the single currency was buoyed as markets looked ahead to Wednesday's launch of the ECB’s second three-year long-term refinancing operation, after a similar liquidity injection in December eased pressure on peripheral euro zone bond markets.
On Monday, Germany’s parliament approved the euro zone’s second bailout for Greece by a comfortable margin.
Market reaction was muted after Monday’s announcement by ratings agency Standard & Poor’s that it had cut Greece’s long term credit rating to 'selective default' after the country embarked on a debt swap deal with its private creditors.
Elsewhere, the euro was higher against the pound, with EUR/GBP adding 0.18% to hit 0.8480.
Earlier Tuesday, the Confederation of British Industry reported that retail sale volumes in the U.K. improved significantly this month, after tumbling to the lowest level since March 2009 in January.
The single currency pushed higher against the yen, with EUR/JPY climbing 0.19% to hit 108.20.
In Japan, official data showed that retail sales rose unexpectedly in January, climbing 1.9% after a 2.5% rise the previous month, defying expectations for a decline of 0.2%.
The euro was steady against the Swiss franc, with EUR/CHF inching up 0.03% to hit 1.2050.
A report earlier showed that Switzerland's UBS consumption indicator eased down slightly in January but indicated that consumer sentiment looks likely to remain robust in the coming months.
Meanwhile, official data showed that the number of people employed in Switzerland declined less-than-expected in the fourth quarter.
The euro was stronger against the commodity linked Australian, New Zealand and Canadian dollars, with EUR/AUD gaining 0.28% to hit 1.2487, EUR/NZD advancing 0.60% to hit 1.6063 and EUR/CAD inching up 0.05% to hit 1.3390.
Later in the day, Germany was to release official data on consumer price inflation, while the U.S. was to produce official data on durable goods orders, as well as reports on house price inflation and consumer confidence.