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The euro leveled off against the dollar and yen on Friday in New York as global stocks remained near the unchanged mark, leaving risk appeal stable. Meanwhile, the euro continued its assault on the struggling pound.
The Eurozone's current account balance on a seasonally adjusted basis showed a surplus of EUR 6.6 billion in July compared to a revised deficit of EUR 4.3 billion in June, the European Central Bank reported Friday.
The euro has leveled off near a yearly high against the U.S. dollar. The European currency moved near 1.4720 after reaching as high as 1.4766 on Thursday.
The euro continued its upward move against the British pound, reaching its best level in nearly five months. The 16-member currency rose as high as 0.9056 in the early afternoon.
The British economy is likely to return to growth within the next six to nine months, though the recovery would be slow, Bank of England policymaker David Miles said in an interview with the Independent newspaper.
The euro remained in a range against the Japanese yen near 134.40. The European currency hit a three-week high of 134.79 early yesterday before leveling off.
The latest Monthly Report of Recent Economic and Financial Developments showed today that Japan's economic conditions are showing signs of recovery, revising from last month's view that economic conditions have stopped worsening.
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