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Euro is Ready to Return to June highs

Adel 9 July, 2020 3:19 pm Market Update

The Euro stalled its advance on Dollar Thursday after facing technical resistance and as stock market futures dipped lower across in the US, although the single currency ready to return to June highs before the week is out. 

Euro is currently trading at 1.1327, down 0.03% against the US dollar, its highest since June 10.

Investors are awaiting the Eurogroup meeting to discuss the economic policies of the bloc.

Data released by the Federal Statistics Office on Thursday showed that German exports increased by 9% in May, recording 80.3B Euros, and fell by 29.7% on an annual basis.

The trade balance achieved a surplus of 7.6B Euros in May, compared to 3.4B Euros in April.

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