The European currency rose against its Swiss, Japanese and US counterparts during Monday's early Asian trading. But the single currency traded lower against the pound, as the latter gained across the board as house prices in UK improved in March.
The euro that closed Friday's North American session at 0.9240 against the UK currency edged lower to 0.9199 in early Asian deals on Monday. The next downside target level for the single currency is seen around 0.897.
The average asking price for a home in Great Britain moved up 0.9 percent to ?218,081 in March compared to the previous month, property Web site Rightmove said today. That marked the second month in a row of increase following the 1.2 percent gain in February.
Against the yen, the euro bounced back after trading lower during Monday's early Asian trading. The euro thus strengthened from 125.57 to 127.16 by about 9:55 pm ET. The pair that was worth 126.69 at Friday's New York session close is now trading at 126.62.
The euro rose from a 4-day low of 1.2836 against the US dollar during Monday's early Asian trading. The euro hit a high of 1.2923 against the buck by about 9:55 pm ET, compared to 1.2929 hit late Friday in New York.
Across the Atlantic, the US empire manufacturing survey for March, net long-term TIC flows for January, NAHB housing market index, industrial production and capacity Utilization for February are due out in the New York session.
The common currency reached 1.5351 against the Swiss franc by about 1.5352 by about 10:55 pm ET Sunday, climbing from its early low of 1.5290. The euro-franc pair that rose to a new multi-month high of 1.5403 on Friday closed the day's deals at 1.5326.
German import price index, Italian February CPI, Euro-zone fourth quarter employment and February month CPI report are the major economic releases scheduled for the upcoming session.
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