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EUR/USD was at the highest since December 21 as yesterday’s pledge of the Federal Reserve to keep interest rates low at a prolonged time continued to push the dollar lower. Macroeconomic reports weren’t helping the US currency as housing and jobs data was negative, while leading indicators rose less than expected.
EUR/USD erased its previous gains today as the data from the United States continued to be positive, while the future of the European Union is still uncertain. Durable goods orders showed particularly good growth, while the housing market continued to improve. Income and expenditures of the US citizens were smaller that expected, …
EUR/USD dropped today on the signs that the recovery in Europe stalled. Germany failed to sell 35% of its 10-year bonds, making traders question: what hope has Europe if its strongest economy has such problems with sale of its debt? The United States, on the other hand, continue to show positive signs. …
EUR/USD fell today, while earlier it was moving sideways as traders waited for the outcome of today’s European Union summit. The drop was sharp and its cause is unclear. Today’s data about the US housing market contradicted yesterday’s report as it showed an improvement instead of worsening conditions.
While EUR/USD is still above today’s open level it is significantly below today’s high level. One of the reasons that helped the dollar to rise against the euro is the macroeconomic report regarding the durable goods purchases.
Durable goods orders decreased slower than expected in August — they were …
EUR/USD fluctuated today as the global economy showed both good and bad signs, leaving traders unsure how to react. US durable goods orders turned out to be much better than expected last month putting pressure on the currency pair.
Durable goods orders rose 4.0% in July, almost two …
The EUR/USD pair declined today, snapping its yesterday’s gains. Neither the bad durable orders report nor the prolonged debt discussions in the Congress could stop that. The dollar’s strength was drawing from some more or less positive news from the debt ceiling discussions (which still doesn’t lead the whole …
EUR/USD retreated, following the jump earlier today, on concerns that Greece’s politicians won’t vote for the austerity measures that are required to receive aid from the European Union and the International Monetary Fund. Today was the second day of the EU summit in Brussels, where the European leaders discussed the economic problems of the Eurozone. The US …
EUR/USD slipped today as the European woes continue to plague markets, but recently it quickly rose, almost erasing losses. The report about durable goods orders was even worse than pessimistic forecasts. Forecast for tomorrow GDP report are optimistic, though. EUR/USD trades at 1.4091 now after dropping …
The dollar fell against the euro today after the FOMC released its monetary policy statement showing that the stimulus bond-buying program will end on schedule, but the low borrowing costs will last for an ”extended period”. EUR/USD was declining during the day before the release came out and paid little attention …
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