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EUR/USD dropped today after Moody’s Investors Service cut Portugal’s credit rating from A1 today to A3 today. Today’s report about the housing starts and building permits confirmed a depressed state of the US housing sector. EUR/USD currently trades near 1.3946.
US housing starts and building permits in February …
EUR/USD was sliding today before the macroeconomic reports from the US were released. The reports showed that US economic growth was slower than estimated, allowing the euro to strengthen a little. EUR/USD now trades almost flat at 1.3502 after jumping as high as 1.3570.
Building permits were at a seasonally adjusted …
The euro have failed to stand against the US dollar today when some important macroeconomic data was released. The first bearish wave was launched by the weekly employment data, but it was recovered in a correction, the second wave was launched by the housing data and it was more successful. EUR/USD is …
EUR/USD rose at the start of today’s trading session as macroeconomic data signaled about a stronger economy in the US. Philadelphia Fed Business Outlook Survey was particularly favorable, signaling about improving manufacturing conditions. Not all reports were good, though. Building permits posted as decline, while forecasts promised an increase. …
EUR/USD pared its losses today as economic reports from the US continues to be worse than economists predicted. The currency pair still may decline in the near future as experts from the International Monetary Fund and the European Union prepares to scan books of Ireland’s debt-laden banks. EUR/USD currently trades near 1.3549.…
EUR/USD erased yesterday’s decline today on speculation that Beige Book report, released later today, will support the outlook for additional stimulus by the Federal Reserve to support US economy. Yesterday the currency pair slumped after China unexpectedly increased its interest rates. Perhaps, the decline was overdone. EUR/USD trades …
The Federal Reserve decided to keep interest rates at it current record low levels, increasing concerns for the US economy and driving dollar down. Better than expected report on building permits clearly wasn’t able to outweigh the Fed decision. EUR/USD trades now at 1.3202 after it opened at 1.3061.
The euro rallied against the dollar today for a second day as stock markets stabilized, easing tension caused by the state of the global economy. The rally caused controversy among economists as some claim that this rally will end soon and the euro will fall to 1.24 per dollar, while others predict that the euro …
EUR/USD continued its decline today before and after the release on the oil inventories showed a rather small gain. Traders are also reacting to the yesterday’s news and to the elevated level of risk aversion. The currency pair is currently trading near 1.2818.
Crude oil inventories rose by 0.4 million barrels in U.S. during …
The EUR/USD dropped today after a speculation arose that a bailout are planned for Spain. This rumor was later dismissed, causing the euro to rebound, but now the European currency is heading down again. The data from the U.S. again showed mixed results. The industrial sector showed good performance, while …