Against the Swiss franc, the euro held a loose range in the evening deals, but the pair held a tight range marginally higher from the previous one, in late night trading. Meanwhile, the euro rallied against the Japanese yen amid a lack of data from the Asian giant.
The Swiss consumer price index for May and the German April retail sales data were released during early New York deals on Friday. The euro weakened against the dollar but it moved sideways against the sterling in the session. While the common currency showed choppy trading against the yen, it rallied against the Swiss franc.
Investors are now looking forward to the set of data from Euro-zone slated for release at 5:00 am ET. Among the various fundamentals, the euro-zone unemployment data for April is likely to be scrutinized by the markets.
However, the markets will be keenly waiting for the U.S. non-farm pay rolls for May expected at 8:30 am ET. Other key U.S. releases slated for release on Friday include April personal income and spending, May unemployment and April pending home sales.
The euro ticked up against the dollar in New York evening trading on Thursday, but from 1.3455, the pair lost ground at about 8:00 pm ET. The pair entered a tight range within about a couple hours of that, but has dropped to 1.344, lately. Largely, after fetching a 5-week high around 1.35 on May 22nd, the pair has been moving sideways.
The common currency gained ground against the pound at about 5:45 pm ET on Thursday, and the pair reached as high as 0.6799 by about 8:45 pm ET. Thereafter, the pair weakened slightly, but entered a tight range by around 10:30 pm ET. Of late, the pair has been moving near 0.679. Largely, the pair has improved slightly after hitting a 5-week low around 0.675 on May 24th. If strengthens further, 0.685 will be a likely level of resistance for the pair.
The euro moved sideways in a loose range against the yen during New York evening deals on Thursday. From a range that bounced between 163.71 and 163.81, the pair moved by about 9:00 pm. Within about an hour of that, the euro dropped a few pips, but regained the momentum, shortly thereafter. Of late, the pair has weakened and is now trading near 163.85. Largely, since setting a new multi-year high by mid-May, the pair has been moving sideways between 162.18 and 164.28.
The European currency held a tight range against the Swiss franc during late night trading on Thursday in New York. The pair rallied out of the range that limited between 1.6482 and 1.6487 amid the Swiss inflation news, which struck the market at 1:45 am ET. The euro continued higher amid the German release that followed shortly, but has shed a few pips, lately. At about 2:40 am ET, the pair was quoted at 1.6494. Largely, the euro has been moving sideways against its Swiss counterpart after hitting a 20-day low on Tuesday.
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