Euro Falls Amid Risk Aversion On Trump's Comments

Date : 08/11/2017 @ 12:33AM
Source : RTTF2
Stock : Euro (B) VS Canadian Dollar Spot (Eur/Cad) (EURCAD)
Quote : 1.59248  0.0 (0.00%) @ 6:30PM
Euro vs Canadian Dollar share price Chart

Euro Falls Amid Risk Aversion On Trump's Comments

Euro vs Canadian Dollar (FX:EURCAD)
Forex Chart

1 Year : From Mar 2017 to Mar 2018

Click Here for more Euro vs Canadian Dollar Charts.

The euro declined against its major counterparts in the early European session on Friday, as European shares declined after U.S. President Donald Trump further ratcheted up the rhetoric over North Korea, suggesting that his "fire and fury" comments may not have been tough enough.

The president said "things will happen to them they never thought possible" should Pyongyang attack the United States or its allies.

While cautioning Kim's regime against taking any steps to attack Guam, Trump vowed that the U.S. would respond with "fire and fury" to any strike against the U.S. or its allies.

The euro traded mixed in the Asian session. While the euro held steady against the greenback and the pound, it fell against the yen and the Swiss franc.

The euro dropped to 128.07 against the Japanese yen, its lowest since July 6. Continuation of the euro's downtrend may see it challenging support around the 126.00 region.

The single currency fell to a 2-day low of 1.1273 against the Swiss franc, from a high of 1.1332 hit at 5:00 pm ET. The next possible support for the euro-franc pair is seen around the 1.10 mark.

The European currency edged down to 0.9051 against the pound and held steady thereafter. The pair finished yesterday's trading at 0.9072.

The euro pared gains to 1.1750 against the greenback, from a high of 1.1779 hit at 1:00 am ET. On the downside, 1.16 is likely seen as the next support for the euro.

The euro retreated to 1.4955 against the loonie, 1.6116 against the kiwi and 1.4942 against the aussie, from its early high of 1.5008, near 3-month high of 1.6228 and more than 4-week high of 1.5011, respectively. If the euro extends decline, it may target support around 1.48 against the loonie, 1.58 against the kiwi and 1.46 against the aussie.

Looking ahead, U.S. CPI for July and U.S. Baker Hughes rig count data are due to be released in the New York session.

At 9:40 am ET, Federal Reserve Bank of Dallas President Robert Kaplan is expected to speak about economic conditions and monetary policy at an annual continuing education event for accounting professionals, in Arlington.

At 11:30 am ET, Federal Reserve Bank of Minneapolis President Neel Kashkari is expected to speak at the Independent Community Bankers of Minnesota Annual Convention.

Latest EURCAD Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Ivanhoe Mi..
Canadian D..
Xumanii In..
Euro vs Ca..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V:ca D:20180324 05:57:23