• Analytics
  • News and Tools
  • Market News
  • Foreign exchange market. European session: the U.S. dollar traded lower against the most major currencies due to concerns over the economic growth in China
Market news
19.05.2014, 12:23

Foreign exchange market. European session: the U.S. dollar traded lower against the most major currencies due to concerns over the economic growth in China

Economic calendar (GMT0):

07:00    Eurozone      ECB's Jens Weidmann Speaks                                                

09:00    Eurozone      Construction Output, m/m        March   +0.1%                  -0.6%

09:00    Eurozone      Construction Output, y/y          March   +6.7%                  +5.2%

10:00    Germany      Bundesbank Monthly Report      May      

The U.S. dollar traded lower against the most major currencies due to concerns over the economic growth in China. China’s financial regulators tightened rules on bank lending on Friday. Limited credit could inhibit economic growth.

The euro traded higher against the U.S. dollar. Market participants are awaiting new stimulus measures by ECB next month. Eurozone’s construction output declined 0.6% in March from a 0.1% increase in February. On a yearly basis, Eurozone’s construction output climbed 5.2% in March from a 6.7% gain in February.

The British pound traded mixed against the U.S. dollar. After AstraZeneca rejected Pfizer’s offer, the British currency came under pressure.

EUR/USD: the currency pair increased to $1.3724

GBP/USD: the currency pair traded mixed

USD/JPY: the currency pair declined to Y101.09

© 2000-2025. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location