Forex Top Team

Euro is strong, ECB officials suggest a 0.5 percentage point hike in September

In the early part of London, the euro was appreciating along with the depreciation of the yen and the dollar. Central Bank Governor Kazimir Slovakia and Governor Lane Finland have suggested a 0.50 percentage point hike in September, and euro buying and yen selling are pushing up the euro. The euro-yen has risen to 143.21 levels, the euro-dollar to 1.0582, and the euro-pound to 0.8597.

Today, the euro is strong due to the awareness of rate hikes. This week, the top prices of CADJPY and EURJPY are likely to grow most easily.

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