Another consecutive day of losses for the European single currency this Thursday evidenced a decrease in attractiveness for the euro as services and manufacturing reports published today showed worse than expected figures in the Euroland. The U.S. dollar continued bullish today versus several currencies despite mediocre data showed in nation’s reports today. EUR/USD…
After Greece, an European Union member which adopted the euro since it was introduced, had a downgrade on its credit rating by Standard & Poor’s for the second time this year, the EUR/USD currency pair dropped to the lowest level in three months, as it signaled that not all bloc members are…
The EUR/USD currency pair dropped significantly today after a considerable rise yesterday, in a week marked by high volatility so far. A negative day in stocks markets and a rising risk aversion brought investors back to dollar-priced assets, in a day were refuge currencies like the yen performed the best. A part from a better…
The U.S. dollar rebounded against the euro today as the U.S. economic reports were very positive. The EUR/USD correction can only be explained as a technical one, which follows the similar correction on the U.S. stock market. EUR/USD is now trading at 1.4895 after reaching a new yearly maximum at 1.4966.
The euro is currently showing a small daily gain against the U.S. dollar — its fourth bullish daily candle this week. The series of the better-than-expected or just good macroeconomic reports from the developed economies increases the attractiveness of the euro and other riskier assets as the investment medias. Today EUR/USD set its new highest…
The euro is trading slightly below its open level against the greenback after the initial jobless claims report showed a small rise today. EUR/USD is currently floating near 1.4219 after opening at 1.4233.
Initial jobless claims went up from 561k to 576k during the last week, while…
EUR/USD rose for a second day today as the long-term U.S. securities transaction balance appeared to be negative in May. Euro rose against the dollar not as fast as yesterday but it still continued to dominate on Forex over the less interest-rich currencies. EUR/USD is now trading near 1.4124.
EUR/USD posted a small insignificant gain today as the market participants couldn’t sustain such a long bullish trend after three days of growth. Despite the fact that the economic indicators that come out in U.S. today were quite positive, EUR/USD is still trading only slightly above its…
EUR/USD traded both down and up during today’s Forex session. The U. S. fundamental reports didn’t bother the Forex market much; it just continued to move with the current risk-averting trend. EUR/USD is now trading near 1.3204.
Building permits in U.S. were at a seasonally adjusted annual rate of 513k in March —…
EUR/USD continued its seemingly unstoppable growth today after the Federal Reserve pledged to buy the U.S. treasuries with the printed money yesterday. The fundamental releases were quite mixed today and couldn’t affect the dollar’s fate. EUR/USD is now trading near 1.3698.
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