Positive German Data Leads to a Boost for the Euro

Source: ForexYard Positive German Data Leads to a Boost for the Euro

The euro reversed some of its recent losses yesterday, as positive German data sent investors to riskier assets throughout European trading. The EUR/USD went as high as 1.3340 before staging a downward correction during the afternoon session. Today, the US New Home Sales figure may generate some volatility to close out the week. Any increase in the home sales figure may lead to USD gains vs. other safe-haven currencies.

The US dollar saw mild gains against several of its main currency rivals yesterday, following a positive Unemployment Claims figure that signaled continued growth . . . → Read More: Positive German Data Leads to a Boost for the Euro

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