In the Asian session on Tuesday (November 8), the EUR/USD fell from a high level and is currently trading around 1.0030. As of 11:12 Beijing time, the EUR/USD price was 1.0015, a decrease of 0.11%, and the lowest price of the EUR/USD exchange rate on the previous trading day. At 0.9898, the closing price was at 1.0020. James Hyerczyk, a member of the senior editorial team at FXEmpire, a foreign exchange market information site, said the euro strengthened against the dollar as risk appetite improved in Asia and Europe and the dollar was less attractive as a safe-haven asset.
Economic data also gave the euro a boost on the day, Halcik said. Investor sentiment in the euro zone improved in November, the first improvement in the past three months, survey data showed on the same day, reflecting hopes that recent warm weather and falling energy prices could prevent power cuts in Europe during the winter.
