Frankfurt (dpa -AfX) – The euro continues to recover from the small reset at the beginning of the week as a result of the progress of the customs negotiations between China and the United States. The joint currency cost $ 1.1213 in the early Frankfurt trade and thus a little more than on Thursday evening. On Monday the euro fell to $ 1.1065, but was able to recover Peu à peu during the week. With the level of Friday morning, the euro still costs a little less than a week ago.
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On Monday, China and the United States decided to reduce their mutual tariffs in the ongoing trade dispute. The regulation temporarily applies to 90 days. U.S. President Donald Trump spoke of a “full restart” with the country after this reduction in the mutual tariffs agreed with China.
On Friday, neither in Europe nor in the United States will have economic data from the front row. The Helaba experts therefore assume that at the end of the week, chart aspects in particular shape the trade. “The euro has not been able to develop any further rise in the US dollar. Rather, consolidation occurs, especially since the interest expectations recently neither developed in favor of the US dollar nor in favor of the euro,” it said in the morning comment.
“However, the technical image still has risks, because the 1.12 mark has not yet been overcome permanently. A reset up to the 55-day line at 1.1071 and the last pulse depth at 1.1064 is therefore still possible. The first resistances can be found by 1.1260.”