RTTN:Euro Spikes Up Amid Eurozone Jobless Rate And CPI Data
(RTTNews) - The euro that recouped from early lows against most major currencies strengthened further in European morning deals on Friday after reports showed that Eurozone jobless rate remained unchanged in July and inflation exceeded forecast during August.
The euro is trading at a 2-day high of 0.7943 versus the pound with 0.80 seen as the next upside target level.
Against the yen, the euro is worth 98.65, reversing from a 3-day low of 98.00 hit at 2:05 am ET.
The European single currency also advanced to a 2-day high of 1.2567 against the greenback from an early low of 1.2495.
