FXstreet.com (Córdoba) – The Euro is rising considerably across the board and is the best performer across the board. EUR/USD broke above 1.2850 and extended its rally to levels above 1.2870, reaching fresh 2-month highs. Against the Pound is trading at 2-day highs. EUR/GBP rose above 0.8360 and is approaching 0.8400.
Against European currencies the Euro trades at weekly highs. EUR/AUD has risen more than a hundred pips in the last hour and tested levels above 1.4600. EUR/CAD trades at 1-week highs and recently broke above 1.3250 and rose to 1.3271. EUR/NZD reversed considerably on Thursday and rallied from 2-week lows at 1.7575 to levels above 1.7800; currently trades at 1.7817/21, 1.33% above today’s opening price.
Only against the Yen, the Euro is not trading at daily highs, but is gaining so far. EUR/JPY is struggling to hold above 113.00. The Japanese currency strengthened after weak US economic data.
“EUR gained strength across the board following a well received 15-year bond auction from Spain, waning sovereign concerns to some extent, as well as better than expected earnings from JPMorgan. Market talk of an Asian central bank buying in EUR/USD provided strength to the pair”, the RANsquawk Research Team said.
