European Major Currencies Started Week With Growth

Forex News

Despite the increased political risk, the reliable economic data of the Eurozone supported the growth of the European single currency. The euro rose against the US dollar as investors continue to analyze yesterday's data. But still, the continuing political uncertainty will undoubtedly limit growth of the currency.

The British pound started the week with growth. The currency increased by 0.46% against the US dollar yesterday. But political uncertainty in the UK continues to affect state of the currency.

The Australian dollar grew significantly after the publication of the National Australia Bank (NAB) report on business confidence in Australia, which showed that the confidence index in the business community rose to +7 from the previous value of +5.