News Column

Euro Rises Against Majors

June 18, 2014

VIENNA (Alliance News) - The European currency climbed against the other major currencies ahead of European session on Thursday.

The euro rose to a 10-day high of 1.3683 against the US dollar, from an early low of 1.3513. At yesterday's close, the euro was trading at 1.3594.

Moving away from early lows of 0.7992 against the pound, 138.41 against the yen, 1.4709 against the Canadian dollar and 1.4443 against the Australian dollar, the euro advanced to 0.8007, 138.67, 1.4736 and 1.4475, respectively.

Having fallen to more than a 1-year low of 1.5545 against the NZ dollar and a 3-day low of 1.2173 against the Swiss franc in early deals, the euro rose to 1.5624 and 1.2184, respectively.

If the euro extends its gain, it is likely to find resistance around 1.37 against the greenback, 0.81 against the pound, 138.91 against the yen, 1.48 against the loonie, 1.45 against the aussie, 1.57 against the kiwi and 1.22 against the franc.

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Source: Alliance News

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