The euro jumped to a two-month high against the Japanese yen supported by solid gains on equity markets. On the other hand, the single currency pared earlier gains against the US dollar.

The pound sterling advanced against the greenback lifted by positive sentiment in European stock markets. The currency also advanced against the euro but was held near six week lows.

Meanwhile, the Swiss franc was slightly weaker against the euro, hovering close to a two-month low, after the Swiss National Bank said it would intervene on the foreign exchange markets to fight deflation.

Finally, the Australian dollar rose to the highest in a month against a basket of major currencies.

This article was compiled by BOV – Research and Analysis Unit, Wealth Management for information purposes only. It is not intended to provide investment advice and its contents should not be construed as such. Bank of Valletta p.l.c. is licensed by the Malta Financial Services Authority