Forex News

Euro showed mixed trade ahead of GDP and preliminary data on inflation in the euro area

On Tuesday, at 5:00 am ET, preliminary data on consumer inflation for July, the unemployment rate for June, as well as data on GDP in the eurozone for the second quarter will be published. On the eve of the release of these data, the euro demonstrated mixed trade in relation to its main competitors. While the euro rose against the yen and the franc, it fell against the pound. In relation to the US dollar, the currency has remained stable. As of 4:55 am ET, the euro was trading at 1.1725 against the US dollar, 130.73 against the yen, 0.8912 against the pound and 1.1586 against the franc.