China’s Economic Growth Helps Boost Euro – 17 April, 2019

Defying initial expectation of a potential slowdown, Chinas growing economy cleared the way for the euro, helping the single currency boost as the economy grew at a 6.4 percent pace during the first quarter. The euro last traded 0.1 percent higher to $1.1293, recovering from a low of $1.1183 at the beginning of the month. Against a basket of six major currencies, the dollar index was relatively flat at 97.051 after a 0.05 percent dip the previous day. The dollar inched down 0.1 percent against the yen to 111.955 yen, touching a four month high of 112.17 the previous day. Australia’s March job forecast surpassed expectations, helping the Aussie dollar rise briefly to $0.7200 before settling at $0.7179.