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Euro buoyant on improved economic views, awaits euro zone PMI


Thursday, 18 April 2019 08:05 WIB

EuroMata Uang Eropa


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The euro was buoyant on Thursday after more evidence of strength in China improved the outlook for the global economy, with the market looking next to European indicators to provide the currency with a further boost.

The euro was a shade higher at $1.1298, having eked out a gain of 0.1 percent the previous day.

The single currency has steadily recovered from a recent low of $1.1183 plumbed at the start of April.

The euro was lifted after data on Wednesday showed China's economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production surged and consumer demand showed signs of improvement.

Source: Reuters


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