Economic news

Euro on track to three-week peak on solid German industry numbers

The euro added half a percent to almost three-week top on Thursday after impressive German figures, though gains were limited on the eve of the release of Fed minutes due later in the day.

Photo: Reuters

The common currency jumped to a peak of $1.1711, not far from three-week high of $1.1722.

German industrial orders rebounded in May with an impressive leap following four successive monthly falls, as demand from domestic clients and the rest of the euro area rose.

The dollar’s index versus six major counterparts lost 0.34 percent at 94.34, its trough in a week.

The greenback slipped 0.1 percent to 110.365 yen, waiting for minutes from the June Federal Reserve policy meeting.

The offshore yuan was stable at 6.6466 a dollar after People’s Bank of China comments.

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