Euro and pound both edge upwards in the mid-week market
Currencies Direct November 22nd 2012 - < 1 minute read
US: The euro reached a six-month high in Asian markets.
The pound and the euro both capitalised on the
positive noises being made in the continent on Wednesday
(November 21st) to gain on other currencies, making up
for losses seen in recent weeks for both.
Hopes that aid to Greece will materialise sooner rather than
later has led to the single currency seeing rises, and it reached a
six-month high against the yen on Wednesday, as well as making
strong gains on the greenback.
The euro also gained against the dollar yet again during the
day, finishing at a total 0.08 per cent higher than the day before
at 1.2826 against the US currency.
Elsewhere, the pound also had a good Wednesday. After falling as
low as 1.5880 during the day, the
currency exchange rate rose against the dollar throughout the
day to eventually hit 1.5970 as it edges ever closer to the crucial
level of 1.6000 which it fell below during negative times last
week.
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Currencies Direct