You are here: Home > articles > Forex > Asian Session – Euro strong on bets of no extra ECB stimulus
Asian Session – Euro strong on bets of no extra ECB stimulus
December 10, 2013 7:51 amVideo
Latest News
- Technical Analysis – NZDUSD pauses advance at 61.8% Fibonacci May 29, 2024
- EUR/USD and GBP/USD: Technical analysis on May 29 May 29, 2024
- Trading plan for GBP/USD on May 29. Simple tips for beginners May 29, 2024
- Trading plan for EUR/USD on May 29. Simple tips for beginners May 29, 2024
- Technical Analysis of Intraday Price Movement of USD/CHF Main Currency Pairs, Wednesday June 05, 2024. May 29, 2024
- Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday May 29, 2024. May 29, 2024
- Overview of GBP/USD on May 29. Pound continues to surge and break barriers May 29, 2024
- Overview of EUR/USD on May 29. Calm news and a stubborn euro May 29, 2024
- A chance for the kiwi. Overview of NZD/USD May 29, 2024
- Analysis of GBP/USD pair on May 28, 2024 May 28, 2024
- EUR/USD: What could stop the growth of the euro? A hypothesis May 28, 2024
- Inflation expectations in eurozone downgraded May 28, 2024
- Trading Signals for BITCOIN (BTC/USD) for May 28-30, 2024: sell below $69,000 (21 SMA – 200 EMA) May 28, 2024
- Technical Analysis – EURUSD sets sight on 1.0900 handle May 28, 2024
- GBP/USD: Simple trading tips for novice traders on May 28th (US Session) May 28, 2024
- EUR/USD: Simple trading tips for novice traders on May 28th (US session) May 28, 2024
- GBP/USD: trading plan for the US session on May 28th (analysis of morning deals). The pound hit a new monthly high May 28, 2024
- EUR/USD: trading plan for the US session on May 28th (analysis of morning deals) May 28, 2024
- USD/JPY: trading tips for beginners for European session on May 28 May 28, 2024
- Forex forecast 05/28/2024: EUR/USD, USD/JPY, Gold, Ethereum and Bitcoin from Sebastian Seliga May 28, 2024
The euro managed to make fresh 5-week highs versus the dollar and 5-year highs versus the yen, on speculation that the ECB will not undertake any fresh stimulus measures for the Eurozone economy.
ECB policymaker Yves Mersch stated that it would be problematic for the ECB to engage in asset purchases like the Fed or the Bank of Japan are currently doing.
The euro gained 0.06% to trade at 1.3745, which is not far from October’s 2-year high of 1.3831.
The euro also gained versus the yen, scaling the 142 yen level as it gained 0.13% to trade at 142.07.
In economic news out of Japan, the business survey index fell to 9.7 during the fourth quarter compared to 15.2 previously whereas the consumer confidence index climbed to 42.5 in November from 41.2 the previous month.
The dollar managed to push higher versus the yen, rising 0.11% to 103.38. Earlier during New York trading, Federal Reserve board member James Bullard said he was in favor of a “small taper” during the December Fed meeting.
Chinese investment and industrial output for November came out in line with expectations, posting strong gains.
The Australian dollar was weak against the US dollar, falling by 0.18% to trade at 0.9096. The National Australia Bank’s business sentiment surveys for November were more or less in line with the readings of the previous month.
Related Posts: