Tuesday, April 24, 2007

Euro Strong Versus Counterparts, Tuesday, April 24, 2007 2:12:48 PM

The euro was strong in trading against its major counterparts on Tuesday. The currency moved as the Euro-Zone reported on Industrial New Orders.

The euro was strong against the dollar in trading on Tuesday. The advance brought the currency to a mark of 1.3621 in the early afternoon. On the whole, the euro is at a weekly high.

In trading with the sterling, the euro saw strength on Tuesday. By the afternoon, the European currency had risen to a mark of 0.6809 against the cable. Overall, the euro is at a week and a half high.

The euro saw strength against the yen on Tuesday during trading. The euro rose to a mark of 161.60 in the afternoon. In general, the euro is week and a half high against the currency.

Industrial new orders index fell 0.7% on month in February versus revised 0.1% decline last month. The number for January was revised from 0.2% drop estimated earlier. Economists were looking for an increase of 1.0% on month.
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