EUR/USD appreciates further with the US Dollar on its back foot
The post EUR/USD appreciates further with the US Dollar on its back foot appeared com. EUR/USD extends gains for the eighth consecutive day on Friday, trading at 1. 1640 at the time of writing on Friday, on track for a 0. 6% rally this week. The pair has drawn support from a weaker US Dollar, with investors anticipating a raft of weak economic data next week, as US authorities will release the macroeconomic figures delayed due to the government shutdown. Federal Reserve (Fed) policymakers, however, showed reluctance to ease monetary policy further on Thursday. St. Louis Fed President Alberto Mussalem and Cleveland Fed President Beth Hammack were more concerned about the risks of inflation than about the labour market’s momentum, while Minneapolis Fed President Neel Kashkari delivered a more neutral message. The US Dollar’s weakness offset the negative impact of a disappointing Eurozone Industrial Production report. This Friday, the focus shifts to the second reading of the Q3 Eurozone Gross Domestic Product, while in the US, more speeches from Fed officials will provide the fundamental guidance for the Greenback. Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the British Pound. USD EUR GBP JPY CAD AUD NZD CHF USD -0. 06% 0. 26% 0. 03% 0. 02% 0. 00% -0. 41% -0. 17% EUR 0. 06% 0. 32% 0. 09% 0. 08% 0. 06% -0. 36% -0. 11% GBP -0. 26% -0. 32% -0. 24% -0. 24% -0. 26% -0. 68% -0. 43% JPY -0. 03% -0. 09% 0. 24% 0. 03% -0. 01% -0. 43% -0. 17% CAD -0. 02% -0. 08% 0. 24% -0. 03% -0. 03% -0. 43% -0. 18% AUD -0. 00% -0. 06% 0. 26% 0. 00% 0. 03% -0. 42% -0. 17% NZD 0. 41% 0. 36% 0. 68% 0. 43% 0. 43% 0. 42% 0. 25% CHF 0. 17% 0. 11% 0. 43% 0. 17% 0. 18% 0. 17% -0. 25% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the.