Under the Euro 3 year high breathes; Dollars get relief

SINGAPORE (Jan 18):

After comments from officials of EU banks, the Euro condemned the loss on Thursday, this week indicating concerns about the recent strength of the currency, backing from the high level of three years, it was indicated.Bridges of Euro from the higher level helped to stabilize the greenback, which has come under pressure as central banks of other major economies, start moving towards a tight monetary policy between a more synchronized global recovery.

The euro last stood at US $ 1.2194, up 0.1% on the day but well below a peak of US $ 1.2323 set on Wednesday, the euro's strongest since December 2014
Said Lee Jin Yang, Macro Research analyst for Aberdeen Standard Investments in Singapore.
"Maybe they are trying to manage volatility or slow down the rise," Lee said.

Common currency was down on Wednesday because ECB policymaker Ewwal Noautani told reporters that the recent strength of the Euro is not "useful", which encourages earning profits before the policy meeting next week.

In an interview with ECB vice-president, an Italian newspaper Witter Castancio, said that they did not rule out the monetary policy that "will still be very friendly" for a long time.

LGT Bank's investment strategist Roy To said in Singapore that currency outlook looks positive against 2018, although before the ECB's policy meeting next week, there could be some beneficial and unifying in the euro.

"We are looking at the upside risk of US $ 1.30 by the end of this year ... It is amazing that the rise in the euro area is really similar if not to exclude the U.S.," said TO.

Greenback achieved some relief against other key partners. Against Yin, the dollar increased from 0.1% to 111.36 yen, less than four months of Wednesday, 110.19 yen

The Canadian dollar has declined from about 0.1% to C $ 1.2450, due to which interest rates increase and economic outlook in the Bank of Canada are a sign of confidence but a vigilant note on the future of the North American Free Trade Agreement (NAFTA). 

On Wednesday, the Canadian dollar had fluctuations in the relatively broad range of C $ 1.2540 to C $ 1.2362.

Later on Thursday, investors will focus on China's fourth quarter and 2017 GDP and December factory production, retail sales and fixed asset investment.

The reasons for the Chinese economic indicators to be released in 0700 GMT instead of the normal 0200 GMT.