Forex

EUR/USD rebounds from 6-week low, on week's first session

2019-04-15 10:13:34 GMT (Economies.com)

Euro fluctuated higher in a tight range during the Asian session against the US dollar, to rebound in its fifth session of 10 from its lowest since March 7 when it tested its lowest since June 26, 2017. On the threshold of Germany's Deutsche Bundesbank's monthly report release, in addition to the economic data expected on Monday by the US economy, the largest economy in the world.

 

As of 04:41 GMT, EUR/USD rose 0.09% to 1.1309, compared to the opening at 1.1303, after reaching a high of 1.1314 and a low of 1.1299.

 

Markets are currently looking for the US economy to release its reading for the New York Manufacturing Index, which may reflect a widening to 8.1 vs. 3.7 in March, coinciding with a CNBC TV interview with FOMC member and Reserve Bank of Chicago President, Charles Evans, before he delivers a speech about the economy and monetary policy at the New York Association for Business Economics luncheon.

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