FRANKFURT (Dow Jones) – the net has done in the euro against the dollar on Tuesday bit. With prices at U.S. $ 1.4420 the single currency was in the morning in European trade, and at this level passes in the evening and the staff at the foreign exchange business in the U.S..
"The directionless commuting from 1.42 to 1.45 USD continues, then," said one trader. In the late business outweighs anything the sale of interest in the euro.
Already Clock 8.00 against the euro at 1.4484 USD highlighted the day’s high, which also provides the highest level since the 17 December means. Subsequently, the euro but fell back again, just having a bit of surprisingly solid interim figures from the German labor market in December. Also unusual mixed economic data from the U.S. were the currency pair in the afternoon to give a clear boost.
The orders of the U.S. industry have increased in November compared to December by 1.1% and have exceeded the consensus estimate of a plus of 0.5%. In addition, the October figure has been revised slightly upwards. The number of pending home sales in November, however, has fallen by 16% to 96,000 units. Here, the consensus was for a decrease of only 5%. "As before, so no real signs of recovery in the housing market," commented a trader.
"Probably just the official jobs report could make a decision, where the euro / dollar in the coming weeks, the journey," added the trader. This will be published on Friday, the latest indication of other economic data for this report tend to be positive.
From a technical perspective, the euro is supported against the dollar at the intersection of the past 200 trading days at 1.4236 USD. Previously located at 1.4350 USD, according to Helaba further assistance. Meet with resistance from the euro at 1.4480 dollars.
The ounce of gold was found in the afternoon in London with U.S. $ 1123.25 after a morning-Fixing of 1125.25 USD.
=== Europe Europe Europe (17.30) (13.04) (7.55) EUR / USD 1.4400 1.4419 1.4460 USD / JPY 91.50 92.11 91.77 EUR / JPY 131.73 132.80 132.72 EUR / GBP 0.8990 0.9006 0.8956 EUR / CHF 1.4860 1.4860 1.4857 === DJG / bek / reh / ISJ