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Euro Gains on Major Rivals, Falls vs. Swiss Franc

March 31, 2016 at 18:03 by Vladimir Vyun

Focus on 50-euro notesThe euro gained on the US dollar as well as against other most-liquid currencies during the Thursday’s trading session. The notable exception was the Swiss franc, against which the shared 19-nation currency declined.

The eurozone inflation ticked to -0.1% in March (year-on-year) up from -0.2% in February. What is even better, core annual inflation was at 1.0%, exceeding analysts’ expectations. Other economic data released from the eurozone over the session was mixed.

The euro was especially strong against the dollar which was heading to the worst quarter since 2010. The dovish comments from Federal Reserve head Janet Yellen basically erased any appeal that the US currency has had before.

EUR/USD rallied from 1.1336 to 1.1385 as of 17:58 GMT today, and its daily high of 1.1411 was the highest since October 15. EUR/JPY was up from 127.45 to 128.11, bouncing from the daily low 126.96. On the contrary, EUR/CHF fell from 1.0938 to 1.0924.

If you have any questions, comments, or opinions regarding the Euro, feel free to post them using the commentary form below.

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