EUR/USD — News Archive

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Euro Maintains Strength in Forex Trading

The euro continues to show strength in currency trading on the FX market, even though stimulus is in effect, and there could be more stimulus on the way for the eurozone. Signs that stimulus efforts are having an impact are providing support for the 19-nation currency, as is the fact that the Federal Reserve has yet to truly commit to policy divergence and raise rates again.

US Dollar Slightly Lower Ahead of Fed Meeting

Greenback is slightly lower today, giving up some of its recent gains as Forex traders consolidate their positions. Many analysts and traders are looking forward to the Federal Reserve meeting later this week, trying to gauge what the next move will be.

Euro Ends Trading Weak, Keeps Ground vs. Safe Currencies

The euro fell against most of its major peers this week as the outlook for the monetary policy of the European Central Bank remained dovish. The currency showed better performance against safe currencies like the Japanese yen and the Swiss franc.

Euro Fails to Rally as European Central Bank Remains Dovish

The euro was attempting to rally today but failed and went back down after the monetary policy meeting of the European Central Bank showed that the bank’s outlook remained dovish.

Greenback Pulls Back After Earlier Gains

US dollar saw some earlier gains, holding over from yesterday’s rally. However, by now they are mostly gone as the greenback pulls back. Forex traders are consolidating their positions and preparing for the next move.

Euro Struggles Even After ZEW Data

Euro is struggling today, turning mostly lower, as concerns about Greece once again come into focus. Worries about Greece coming to an agreement with creditors are weighing on the euro, which hasn’t seen much benefit from recent ZEW data.

US Dollar Feels Pressure from Domestic Data & Market Sentiment

The US dollar dropped today against most currencies as both domestic fundamentals and the general optimistic market sentiment weighed on the currency.

Euro Finds Support in Forex Trading

Euro is finding support today, heading higher in Forex trading against many of its major counterparts. Euro is gaining ground as Brexit worries weigh on the sterling, and as a possible agreement with Greece helps optimism.

Dollar Encounters Troubles with Moving Higher

The US dollar attempted to rally against other most-traded currencies this week but found limited success. The greenback gained on the euro and the Japanese yen but fell against the Great Britain pound and commodity currencies.

Could Euro Reach Parity With US Dollar by Year’s End?

Euro is trading mixed today, gaining against the US dollar while falling against other major counterparts. However, even though the 19-nation currency is higher against the dollar, some analysts feel that the recent rally is coming to an end and that parity with the greenback may be reached by the end of the year.

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