Currency Alerts

Euro Advances Further After Eurozone CPI Data

The euro strengthened further against most major currencies on Friday's European deals after data showed that Eurozone inflation rose unexpectedly in September.

Inflation increased to 2.7 percent in September from 2.6 percent in August. The rate was forecast to slow to 2.4 percent

The euro is now trading at a 4-day high of 0.7990 versus the pound, 3-day highs of 100.70 against the yen and 1.2961 against the greenback.

Against the Canadian dollar, the euro gained to 1.2685, up from Thursday's close of 1.2666.

The euro that recovered from late Asian session's low against the NZ dollar advanced further and is now worth 1.5538.

by RTTNews Staff Writer

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