The Euro strengthened today as equities rose higher, improving the general market sentiment and increasing the investors’ risk appetite. The Stoxx Europe 600 Index increased for the first time in over a week. However, the outlook for Euro remains pessimistic as the European Central Bank (ECB) continues to purchase government bonds to facilitate the recovery of the European economy. This has made traders wary about the Euro reaching at par with the Greenback.
EUR/USD traded at 1.2583 at about 10:05 GMT today, a spike from the opening price of 1.2538. EUR/JPY rose to 110.66 after it opened at 110.02.
