The euro rose against the dollar on Thursday, buoyed by renewed optimism after the publication of good indicators on both sides of the Atlantic, pending more information on refunds to the European Central Bank (ECB) loans exceptional banking sector.
Around 2200 GMT (2300 Paris), the euro bought 1.3376 dollars against 1.3315 dollars around 2200 GMT on Wednesday.
The European single currency rose against the Japanese currency to 120.91 yen against 118.00 yen late Wednesday.
The dollar also rose against the Japanese currency to 90.40 yen against 88.56 yen yesterday.
The market continued its momentum "after the publication of the European Economic relatively good data, and good numbers in the United States and China," said Sebastien Galy of Société Générale, in late trading in New York.
Indeed traders have welcomed the fact that private sector activity in the euro area in January reached its highest level in ten months, according to a first estimate of the PMI.
On the other hand, the United States, the number of newly unemployed declined unexpectedly, falling last week to its lowest level in five years, while the composite index of U.S. economic indicators established by the Conference Board resumed its upward trend in December.
In China, the expansion of manufacturing production was also recorded in January its biggest monthly gain in two years, according to HSBC.
These new aroused renewed optimism among investors and dopaient their appetite for risk assets like the euro.
In addition, investors awaited the announcement Friday by the ECB details on the first loan repayments outstanding three years (LTRO) granted by the central bank to the banking sector in the euro area.
"High refund levels bring new encouraging signs that the euro area banking sector recovers," noted Jennifer McKeown, an analyst at Capital Economics.
"This is a sign of health important to the market as that (if it shows) banks are able to refinance cheaper on the market than they do with the central bank," said Mr. Galy according to which "it will clarify the situation of liquidity" of the sector in Europe.
According to him, "it is anticipated that on average, most banks will give a portion of their loans, and it is perceived as a positive development in the euro zone," which causes movement of the European currency purchases .
For its part, the yen fell, affected by the trade deficit record set by Japan last year, due in particular to the fall in exports, battered by the debt crisis in Europe, the high price of yen and slowing the global activity.
Around 2200 GMT, the British pound fell against the euro at 84.70 pence per euro, after falling to its lowest level for eleven months (84.81 pence), as against the greenback at 1.5792 dollar, after falling to 1.5757 dollars, its lowest level in five months.
The British currency was under pressure on the eve of the publication of figures of Gross Domestic Product (GDP) of the United Kingdom for the fourth quarter of 2012.
The Swiss franc fell against the euro at 1.2428 Swiss francs to the euro, and was stable against the greenback at 0.9290 Swiss francs to the dollar.
The Chinese currency finished at 6.2204 yuan against one dollar for 6.2185 yuan yesterday.
Around 2200 GMT (2300 Paris), the euro bought 1.3376 dollars against 1.3315 dollars around 2200 GMT on Wednesday.
The European single currency rose against the Japanese currency to 120.91 yen against 118.00 yen late Wednesday.
The dollar also rose against the Japanese currency to 90.40 yen against 88.56 yen yesterday.
The market continued its momentum "after the publication of the European Economic relatively good data, and good numbers in the United States and China," said Sebastien Galy of Société Générale, in late trading in New York.
Indeed traders have welcomed the fact that private sector activity in the euro area in January reached its highest level in ten months, according to a first estimate of the PMI.
On the other hand, the United States, the number of newly unemployed declined unexpectedly, falling last week to its lowest level in five years, while the composite index of U.S. economic indicators established by the Conference Board resumed its upward trend in December.
In China, the expansion of manufacturing production was also recorded in January its biggest monthly gain in two years, according to HSBC.
These new aroused renewed optimism among investors and dopaient their appetite for risk assets like the euro.
In addition, investors awaited the announcement Friday by the ECB details on the first loan repayments outstanding three years (LTRO) granted by the central bank to the banking sector in the euro area.
"High refund levels bring new encouraging signs that the euro area banking sector recovers," noted Jennifer McKeown, an analyst at Capital Economics.
"This is a sign of health important to the market as that (if it shows) banks are able to refinance cheaper on the market than they do with the central bank," said Mr. Galy according to which "it will clarify the situation of liquidity" of the sector in Europe.
According to him, "it is anticipated that on average, most banks will give a portion of their loans, and it is perceived as a positive development in the euro zone," which causes movement of the European currency purchases .
For its part, the yen fell, affected by the trade deficit record set by Japan last year, due in particular to the fall in exports, battered by the debt crisis in Europe, the high price of yen and slowing the global activity.
Around 2200 GMT, the British pound fell against the euro at 84.70 pence per euro, after falling to its lowest level for eleven months (84.81 pence), as against the greenback at 1.5792 dollar, after falling to 1.5757 dollars, its lowest level in five months.
The British currency was under pressure on the eve of the publication of figures of Gross Domestic Product (GDP) of the United Kingdom for the fourth quarter of 2012.
The Swiss franc fell against the euro at 1.2428 Swiss francs to the euro, and was stable against the greenback at 0.9290 Swiss francs to the dollar.
The Chinese currency finished at 6.2204 yuan against one dollar for 6.2185 yuan yesterday.
