The Euro continues to fluctuate around the level of 1.11 against the US Dollar with the start of a new week, as the shock from the Brexit results has calmed, but uncertainty still remains about the future.
Factories across the US reported on a strong jump in production during June, being spurred by a accelerated foreign demand for US goods.
The UK PMI manufacturing index expanded at the fastest pace in five months in June before results of the Brexit referendum which showed that biggest part of Britons voted to leave the European Union.
The number of Americans filing for unemployment benefits rose last week, but remained below a level associated with a healthy labour market.
UK economy slowed in the first quarter, dragged down by weaker business investment and a growing trade deficit. Meanwhile, the current account deficit narrowed less than expected at the start of this year.
As EU lawmakers met in the EU Economic Summit called together to deal with the UK issue and assumed a strict position on the matter, it did not stop the yellow metal's surge.
For the past few days the Euro has been fluctuating around the level of 1.11 against the US Dollar, as the shock from the Brexit results calmed, but uncertainty still remains about the future.
According to the official data, the US consumer spending and core PCE prices advanced in line with economists' expectations in May.
U.K. mortgage approvals rose and house prices continued their steady advance in the weeks before the country's vote on its European Union membership. UK mortgage approvals for house purchases increased to 67,042 for May from 66,205 for April and were also higher than expected figure of around 65,000 for the month.
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Although, the UK referendum has created more issues than solutions,
For the past few days, as the shock from the Brexit results has calmed, the Euro regains strength against the US Dollar and other currencies. Although, the UK referendum has created more issues than solutions,
Activity in the US services sector remained tepid in June, suggesting that the economy's underlying rate of growth remains lowly and that a rate hike may not be on the cards too soon.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Due to that, investors and traders flocked to safe investments, as gold gained strength.
For the past few days, as the shock from the Brexit results has calmed, the Euro regains strength against the US Dollar and other currencies.
Activity in the US services sector remained tepid in June, suggesting that the economy's underlying rate of growth remains lowly and that a rate hike may not be on the cards too soon.
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Due to that, investors and traders flocked to safe investments
The Euro fell against the US Dollar after the results of the UK Referendum on remaining in the European Union were released. However, the currency pair has been recovering since the start of Monday's trading session
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
The bullion surged on the publishing of the UK Referendum on the EU membership, as the results came in at 51.9% for leave. Due to that, investors and traders flocked to safe investments, as gold and the Japanese Yen gained strength.
The Euro fell against the US Dollar after the results of the UK Referendum on remaining in the European Union were released. However, the currency pair has been recovering since the start of Monday's trading session
On Friday the US Durable and Core Durable Goods Orders were released, both failing to meet expectations. The Durable Goods Orders dropped 2.2% in May, while the forecast stood at a 0.5% decline. At the same time, the April's reading was revised down from 3.4% to 3.3%, contributing to the negative effect the actual weak reading had.
As reported by the US Census Bureau, there were 1.164 million constructions of residential buildings The UK Public Sector Net Borrowing figure improved with the latest release, which showed that the borrowing was at £9.7 billion in May, beating the £9.35bn forecast.
The news that citizens of the United Kingdom are willing to leave the European Union did not bode well for the Euro - the difference between the highest and lowest price today amounted to minus 4.5%.