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EUR/USD started today’s trading session flat and even began to head down, but rallied after a report showed declining pending home sales. The currency pair was further boosted after the Federal Reserve extended the target for exceptionally low interest rates from mid-2013 to late 2014.
Pending home …
EUR/USD was falling today as Italy sold less debt than the maximum target at the auction and yield rose. The last US reports this year were good with the exception of unemployment claims that climbed last week. Currently, EUR/USD goes higher, erasing much of its losses.
EUR/USD surged today after the Federal Reserve and five other banks of developed nations announced their agreement to cut interest rates on dollar liquidity swaps. (Event A on the chart.) This measure is viewed by market commentators as a help for European banks to fund its dollar reserves. Before the announcement the currency pair was …
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, …
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 …
EUR/USD jumped at today’s trading session as the optimistic speech by Federal Reserve Chairman Ben S. Bernanke improved market sentiment, but was declining afterwards. The currency pair jumped in the middle of the session, but currently falls again.
Personal income and spending increased in July. Personal income grew 0.3%, exactly as analysts …
The EUR/USD pair increased today after a pending home sales report was released in the United States. Overall, the day was still quite bearish for the currency pair. It’s now trading near 1.4312.
Initial jobless claims decreased significantly during the week ending July 23 and were at 398k — down from …
EUR/USD snapped its gains after the Greek lawmakers said “yes” to the austerity measures, necessary to get the €78 billion aid from the European Union. Some economists commented on this behavior of the currency pair “buy the rumor sell the fact”. The euro returned to upward movement at present. The US housing market showed a staggering …
EUR/USD advanced today as the tide of bad news from Europe seems to calm down, while the US house market performed simply terrible last month. The positive sentiment of the US consumers currently pushes the currency pair to the downside, though. EUR/USD trades near 1.4235 now after it jumped as high as 1.4298 …
The dollar fell against the euro before the disappointing US GDP growth data was released today. The currency pair was in a decline for 2 hours immediately before the release but regained its growth afterwards. Other fundamental releases didn’t have much influence on EUR/USD today. It is now trading …
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