- The euro (EUR) climbed from its 11 month low at 1.3152 all the way up to 1.3216 against the US dollar (USD). The single currency rebounded on speculation the European Central Bank (ECB) may not add more stimulus measures in next week’s meetings.
- The US dollar (USD) declined around 50 pips reaching its weekly low at 103.69 against the Japanese yen (JPY). The pair retraced ahead of quarterly US GDP and Monthly US Home sales announcements with expectations at 3.9% and 0.6% respectively. Any negative figures coming out may push the pair even lower.
- The European equities continues to rally with the Germany 30 (DAX) rose up to 9600, France 40 (CAC) went up to 4401 and UK 100 (FTS) climbed up to 6827.