The Euro Continues to Find Strength on Better Than Expected Industrial Data

“….The output data “continues to show that the euro zone is still growing and doing OK,” Sireen Harajli, a foreign-exchange strategist in New York at Credit Agricole SA, said in a telephone interview. “Financial conditions in the euro zone have improved, and these are all factors that are supporting growth in the euro zone in the near-term, although we do expect to see an economic slowdown later on in the first quarter.”

The shared currency gained 0.2 percent to $1.3480 as of 8:15 a.m. in New York after touching $1.3520. The euro appreciated 0.1 percent to 125.95 yen. The yen was little change versus the dollar at 93.49 after sliding to 94.46 on Feb. 11, the weakest level since May 5, 2010….”

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