Forex: Thursday’s review

The euro rose against the dollar by more than two figures, while showing the greatest increase since the beginning of the month after the European Central Bank President Mario Draghi said he was willing to do everything necessary to keep the EU.

The dollar rose slightly against other major currencies, as the published data showed that the number of initial applications for unemployment benefits fell to a four-year low, while reducing concerns about the weakening of economic growth. At the same time, orders for durable goods fell more than analysts had forecast.

The dollar traded in a narrow range against the yen at levels eight-week lows. fluctuated between gains and losses against the yen, trading at about eight weeks low.

The Canadian dollar reached a two-month high against its U.S. counterpart, as risk appetite increased. He rose to $ 1.0063, which is a maximum of 16 May.

New Zealand dollar rose 1.4% to $ 0.8020, reached in this case is almost the highest level of cents per week. The head of the Reserve Bank Alan Bollard has left interest rates unchanged at 2.5%, stating that the economy should grow moderately.

The pound rose 1.5%, showing the biggest intraday gain since December 31, 2010. This was due to information that European politicians will make all efforts to contain the debt crisis, which ultimately lead to improved prospects for the UK economy.