Mentioned Instruments
- Euro/US Dollar (EUR/USD) – ISIN: EU0009652759
- Current price: $1.17142 (FOREX)
Euro stabilizes after three-day slide as traders await key data
The euro stabilized on Friday after a week of losses. In morning trading, it stood at $1.1680, roughly unchanged from the previous day.
Earlier, the single currency had declined for three consecutive trading sessions, losing about one cent in the process. Uncertainty over the potential consequences of a blockade in the Strait of Hormuz weighed on financial markets and the euro.
Later in the day, German economic data could provide fresh momentum: the Ifo Business Climate Index for April is due. Following a sharp drop in expectations last month, only minor movement is anticipated.
The Japanese yen showed little change. A surprise uptick in inflation briefly stirred the market, though rising prices were partly driven by a slower decline in gasoline costs.
