Forex News

The euro rose against most major currencies ahead of the release of data on industrial production and trade in Germany

On Friday, at 2:00 am Eastern Time, Destatis plans to publish data on industrial production and foreign trade in Germany for July. It is expected that output will increase by 0.2 percent on a monthly basis, as opposed to a 0.9 percent decline recorded in June.
On the eve of the release of these data, the euro demonstrated mixed trade in relation to its main competitors. While the euro remained stable against the franc, it grew against other major competitors.
As of 1:55 am ET, the euro was trading at 128.51 against the yen, 1.1222 against the franc, 0.8993 against the pound and 1.1622 against the US dollar.