Benoit Coeure — News Archive

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Euro Range-Bound on German GfK Survey Data, Trade Headlines

The euro today traded sideways against the US dollar in a low-volatility market environment amid a lack of any significant fundamental triggers. The EUR/USD currency pair barely moved after the German GfK survey as investors waited for developments from the US-China trade talks.

Euro Falls Against US Dollar Despite Positive German ZEW Survey Data

The euro today fell against a much stronger US dollar amid a lack of any potent fundamental triggers to extend the single currency’s gains from yesterday. The EUR/USD currency pair fell despite the release of mixed German ZEW survey data in the early European session and kept dropping for the rest of the day.

Euro Struggles to Rally Despite Upbeat Eurozone Inflation Data

The euro today attempted to rally against the US dollar from the Asian session but encountered massive resistance despite the release of upbeat euro area inflation data. The EUR/USD currency pair could not muster enough momentum to mount a sustained rally as each attempt was quickly countered by a retracement as the bears stepped in.

Euro Trades Higher on Positive Inflation Data Amid Weak US Data

The euro today traded higher against the US dollar following the release of inflation data from across the eurozone in the early European session. The EUR/USD currency pair extended its gains in the early American session after the release of US manufacturing data, which missed expectations.

Euro Rallies to New Highs Against US Dollar on German IFO

The euro today rallied to new 6-week highs against the US dollar after the release of the German IFO business climate data for November. The euro seemed to ignore the ongoing political woes facing Angela Merkel in Germany even as the three-way coalition talks fell apart.

Eruo Declines Against US Dollar on Comments from ECB’s Coeure

The euro today declined further against the US dollar for the fourth consecutive session after dovish comments from the European Central Bank‘s Coeure. The EUR/USD currency pair was on a downward trend despite the release of positive Markit Eurozone Services PMI data, which did not increase the attractiveness of the single currency.

Euro Continues to Decline on Signals of More Easing

Eurozone policymakers are indicating that more easing could be in the future. An ECB meeting is scheduled for next week, and the odds that even looser monetary policy is coming are higher than ever.

Euro Goes Lower on ECB Bond Purchases & German Business Sentiment

The euro dropped today against its major rivals due to a report that the European Central Bank will expand its bond purchases. Poor economic data from Germany also drove the shared 19-nation currency down.

Rand Gains on Fed & ECB Stimulus

The rand rose today, following two days of decline, on signs that the US Federal Reserve and the European Central Bank plan to stimulate their economies, supporting inflow of higher-yielding assets.

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