EUR Daily News

Euro Declines against Currency Rivals

The euro took a dive in today's opening trading sessions as investors took flight from riskier assets during the bank holidays in North America. Additionally, the Sentix Business Confidence report in the euro zone provided a slightly pessimistic outlook from business analysts.

The EUR/USD fell towards 1.2790 while the EUR/GBP dropped 40 pips to 0.8320. Against the Japanese yen, the 16-nation single currency sunk around 70 pips to currently trade at 107.70. If risk aversion continues to rule the market today, investors should see the euro continue to plummet against most of its currency rivals.

Looking forward to today, however, there is very little news which is scheduled to impact the euro zone. Britain will be releasing its Halifax housing price index (HPI) which could give the GBP a much-needed boost if figures turn out optimistic. Germany will also publish a report on factory orders. Any positive reading may help increase risk appetite following yesterday's decline.

Current Time: 02/09 18:24 GMT

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#	Time	$€£¥	Event	Per.	Prev.	Fore.	Act.	Imp.
09/07
	11:00	EUR	German Factory Orders	m/m	3.6%	0.6%	-2.2%