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EUR/USD extended its rally after the yesterday’s surge on the announcement of the joint action of the major central banks to make dollars cheaper in swaps among banks. Today, Spain achieved the maximum target in the debt auction, while the yield on the French bonds fell. The data from the United States was positive for the most part, but …

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 was rather volatile today. Initially the currency pair slid as yield on French and Spanish bonds jumped. Later French borrowing costs declined, pushing the euro higher. Currently, EUR/USD remains near its opening level, but is showing a downward pattern.

Housing starts were at a seasonally adjusted annual …

EUR/USD rose today after Standard & Poor’s confirmed France’s top AAA credit rating, following the message about a downgrade of the rating that was sent because of a technical error. Fundamentals remained negative for the euro, though. Yield on French 10-year bonds surged, adding to concerns about the European crisis. The data …

EUR/USD advanced today after the European Central Bank surprised markets, reducing its main interest rate (event B on the chart), and Greek Prime Minister George Papandreou canceled the planned referendum. The European Union leaders threatened to throw Greece out of the Union in case the country would reject the bailout. The lower interest …

EUR/USD surged today to the highest level since September 7 as the European leaders made progress in devising plans for helping the most-indebted members of the European Union. The EU chief agreed to increase the bailout fund and to write down part of Greece’s debt. The US economy was expanding with faster pace in the past three months, …

EUR/USD virtually hasn’t gone anywhere in the past three days. The currency pair shows strong swings, but ends at about the same level as the sentiment about Europe and its problems changes from optimistic to pessimistic and than returns to optimism almost every hour, if not a minute. Generally, uncertainty plays more …

EUR/USD was falling today, started a strong rally at about 14:15 GMT, but now it looks like the currency pair resumed its decline. Today’s reports weren’t far from forecasts, were near the previous reading and likely had little impact on the performance of the currency pair. Yesterday’ FOMC minutes …

EUR/USD rallied today as the positive US nonfarm payrolls increased risk appetite among Forex traders, but sharply dropped after Fitch Rating cut credit rating of Italy and Spain. Payrolls rose in September much more than were predicted, while the growth in the prior month was upwardly revised. Other …

The dollar declined against the euro today mainly due to increased optimism of the market participants. The EUR/USD currency pair rose during the the first half of the trading sessions, along with the Asian and European stock markets. Some USD-positive important macroeconomic releases came almost unnoticed by the FX market today.

US GDP increased …