Euro Follows Continental Stocks

The euro has continued its recovery trend against the dollar and the yen today as some more-or-less positive news spurred the growth of the stock market up from its bottom.

Positive profit reports of the biggest European companies inspired investors to buy the stocks today. The euro managed to grow against the safe haven dollar and yen for the second day, setting a new weekly maximum. Traders also reacted to the US jobless claims report, which wasn’t as bad as the previous one and didn’t disappoint the market participants.