The single currency rose to a four-month high against the US dollar
The single currency of the...
The single currency rose to a four-month high against the US dollar
The single currency of the European Union region rose during the US session to its highest level since Sept. 8 against the US dollar after developments and economic data that followed Thursday on the economies of the eurozone and the US economy, the world's largest economy.At 3:37 pm GMT, the euro was up 0.53% at 1.2079, compared with the opening at 1.2015, after hitting a four-month high of 1.2089, while the session low at 1.2005.The euro zone's fourth largest economy followed Spain's PMI, which showed an expansion below expectations to 54.6 last December, ahead of the region's third-largest economy. 55.4.
We also followed the second largest economy of the euro zone France, the end of the services index of the PMI, which showed contraction in expansion to 59.1 compared to the previous month and expectations of 59.4 compared to 60.4 in November, while the index remained consistent in line with expectations in Germany at 55.8 54.3 in November.This came ahead of the final reading of the Purchasing Managers' Index for the region as a whole, which expanded to 56.6 from the preliminary reading and expectations at 56.5 from 56.2 in November.On the other hand, we followed the US economy reading the Change in Private Sector Index, which showed a rapid pace of job creation to about 250,000 jobs added to the 185,000 jobs added in November, exceeding expectations of 191,000 additional jobs, In which markets will go down to Friday's government jobs report.This came ahead of the reading of the Request for Assistance index, which showed a rise of 3,000 calls to about 250 thousand requests, contrary to expectations at 241 thousand applications, resulting in the final reading of the Index of Industrial Purchasing Managers by Markit of the United States, which showed a widening to 53.7 From 52.4 versus 54.5 in November.
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The single currency rose to a four-month high against the US dollar
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We also followed the second largest economy of the euro zone France, the end of the services index of the PMI, which showed contraction in expansion to 59.1 compared to the previous month and expectations of 59.4 compared to 60.4 in November, while the index remained consistent in line with expectations in Germany at 55.8 54.3 in November.This came ahead of the final reading of the Purchasing Managers' Index for the region as a whole, which expanded to 56.6 from the preliminary reading and expectations at 56.5 from 56.2 in November.On the other hand, we followed the US economy reading the Change in Private Sector Index, which showed a rapid pace of job creation to about 250,000 jobs added to the 185,000 jobs added in November, exceeding expectations of 191,000 additional jobs, In which markets will go down to Friday's government jobs report.This came ahead of the reading of the Request for Assistance index, which showed a rise of 3,000 calls to about 250 thousand requests, contrary to expectations at 241 thousand applications, resulting in the final reading of the Index of Industrial Purchasing Managers by Markit of the United States, which showed a widening to 53.7 From 52.4 versus 54.5 in November.
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