The euro attempted to rally against the US dollar during the Monday’s session but failed and is trading below the opening level now. The currency also dropped against other most-traded currencies, including the Great Britain pound, though it was able to gain on the Japanese yen (update: the euro fell versus the yen as well.)
The euro managed to rally during early Monday’s trading on the back of the dollar’s weakness. Hopes for a positive outcome of Greece’s financial troubles also played part in the currency’s performance. Positive unemployment data from Spain also added to the upside momentum for the 19-nation currency.
Yet all the positive factors were unable to support the euro when strong economic data came out from the United States and the dollar bounced. The euro was lucky to keep gains against the yen, the biggest loser on the Forex market today, but retreated against other majors. Just now, the currency of the eurozone moved below the opening level against the yen as well.
EUR/USD went down from 1.1003 to 1.0969 as of 19:05 GMT today after rising to 1.1035 earlier. EUR/GBP dropped from 0.7366 to 0.7356. EUR/JPY rallied from 130.76 to 131.28 intraday but fell back to 130.72.
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