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EUR/USD extended its decline for the second day today, but later reversed the trend and currently the currency pair rises. The unexpectedly big decline of the US new home sales possibly contributed to the weakening of the dollar. EUR/USD trades at 1.4137 now.
New home sales in the US decreased to 250k (seasonally adjusted) in February the revised …
EUR/USD rose today for the second day on the speculation that the European Central Bank will raise the interest rates before the Federal Reserve. The currency pair also advanced on the speculation that the high oil prices can bolster the euro. The euro advanced sharply versus the dollar in the first half of the day, but later the rally …
EUR/USD continues to rise as the US economy underperforms, while the outlook for the European economy improves. Durable goods orders and initial jobless claims showed far worse results than was expected, while news from the house market were good. The currency pair slumped at the beginning of this trading session, but quickly …
EUR/USD extended its losses, after it advanced earlier today, as Fitch Ratings cut of Hungary’s credit rating and put Greece’s rating on review for downgrade. US macroeconomic data was generally in line with forecasts and showed a moderate improvement of economy. A notable exception was durable goods orders, which were …
EUR/USD rebounded today from an initial decline on speculation that yesterday’s drop was overdone and as demand for a safety waned. Today we had a day rich on a macroeconomic data ahead of holidays. There will be no more economic reports this week. EUR/USD trades now at 1.3375.
US economy continues to produce unexpectedly good results, driving EUR/USD further down. This data also influence the outlook for quantitative easing, which in turn boosts dollar. Quantitative easing was already priced in the dollar price, so speculation about less additional stimulus drives dollar up. EUR/USD trades …
EUR/USD currency pair surged today as reports about durable goods orders and new home sales both posted less-than-expected values. The currency pair actually began its rally before the reports and the data just supported existing trend. The reason for the previous advance was most likely unexpectedly improving German business …
The euro rose against the US dollar slightly today as the market participants reacted to the pessimistic macroeconomic reports. The currency pair was going up rather strongly during the day but then retreated on some risk-awareness doubts. EUR/USD is now trading near 1.2657.
Durable goods orders rose by 0.3% in US …
EUR/USD currency pair went down today after macroeconomic indicators signaled about improving economic conditions in the U.S. Yesterday’s report about an unexpected surge of new home sales, together with today’s reports, promises a bright future for the U.S. economy, or at least some recovery. Consumers, obviously, hadn’t time to react …
EUR/USD advanced today after a sharp decline as the U.S. housing market continues to show terrible results. New homes sales posted a really depressing value. FOMC kept the low interest rates and hinted that it may keep the rates for a long time. EUR/USD trades near 1.2325 now.
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