• +971(4) 430 6868

  • info@d1stp.com

  • 09:00 - 18:00

  • Sunday to Friday

العربية
image
5 December

By Ahmed Mamdouh

Category: FX Graph

 428       59       33             

Euro top performing G-10 currency, pound shows resilience

The following bar chart signals the performance of G-1o currencies, so far, this year, based on their movements versus the U.S. dollar.

The euro remained in the first place with 12.7 percent advance since the beginning of the year, owing to the outstanding economic performance from the euro area.

Despite Brexit uncertainty and lack of progress between the U.K. and EU, the pound showed resilience, where a 9.6 percent rise this year lift it to the third spot.

On the other end, the New Zealand dollar has reported a 1.1 percent decline, largely due to the recent election.

Ahmed Mamdouh

Ahmed Mamdouh is the head of the English Fundamental Analysis at D1stp.com, with 9 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.