Traders focus on 2-day policy meeting by the US Federal Reserve that starts today. The Fed is expected to cut its monthly bond buying program by
The survey data from the Mannheim-based
The economic sentiment index fell unexpectedly to 29.8 in June, the lowest reading since
The euro climbed to a 5-day high of 0.8007 against the Sterling, reversing from its early low of 0.7982. On the upside, the euro may find resistance around the 0.81 zone.
Inflation fell to 1.5% in May from 1.8% in April, when it was expected to drop marginally to 1.7%.
The euro which ended yesterday's trading at 138.17 against the yen rose to a 4-day high of 138.53. If the euro extends its ascending trend, 139.00 is seen as its next resistance level.
The single currency appreciated to a session's high of 1.2186 versus the franc. The next possible upside target for the euro lies around the 1.225 region.
The Swiss government's expert panel lowered the growth forecasts for the economy for this year and next, citing sluggish recovery in exports, the State Secretariat for Economic Affairs SECO said today.
The growth outlook for this year was cut to 2% from 2.2% and the projection for next year was reduced to 2.6% from 2.7%.
The euro was steady against the greenback with pair trading at 1.3560, after climbing to a weekly high of 1.3586 in early Asian deals. At yesterday's close, the pair was quoted at 1.3572.
The 18-nation currency strengthened to a 1-week high of 1.4525 against the aussie and a 4-day high of 1.5683 against the kiwi. The euro may test resistance around 1.46 against the aussie and 1.57 against the kiwi.
The euro rose to 1.4743 against the Canadian unit, from Monday's closing quote of 1.4716. Next key upside target level for the euro may be eyed around 1.48.
Looking ahead, the US CPI, housing starts and building permits - all for May are scheduled for release in the
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