The euro traded flat today as the pessimistic market sentiment was neutralized by the fundamental indicators that suggested economies of the European countries are improving, at least the strongest economies.
France’s consumer price index rose to 0.3 percent on monthly basis in November, following the growth by 0.2 percent in October. ZEW economic expectations index for Germany rose from -55.2 to -53.8 this month, while the indicator for the whole eurozone improved from -59.1 to -54.1. Analysts predicted a reading of -56.1 for Germany and -60.3 for the eurozone.
EUR/USD advanced from 1.3186 to 1.3192 as of 10:26 GMT following the advance to 1.3213 and the drop to 1.3160. EUR/JPY fell from 102.73 to 102.67.
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