Bond Yields — News Archive

    Archives

Euro Surges to 2-Year Highs Against the US Dollar, Later Retreats

The euro today rallied to new 2-year highs against the US dollar mainly driven by the latter’s overall weakness as tracked by the US Dollar Index. The EUR/USD currency pair today hit a high of 1.1966, which was last seen in March 2018 driven by the bullish investor sentiment.

Euro Rallies Then Falls Against the US Dollar to Trade Flat for the Day

The euro today fell against the US dollar early in the European session despite the release of upbeat euro area producer price index data as the bears controlled the price action. The EUR/USD currency pair later rallied during the American session as the dollar retreated against its peers amid falling US Treasury yields to trade flat for the day.

Pound Plunges to 4-Week Lows on Brexit Jitters, Rising COVID-19 Cases

The Sterling pound today fell to new 4-week lows against the US dollar given the empty UK docket and the prevailing risk-off market sentiment, which favoured the dollar. The greenback’s rally triggered the GBP/USD currency pair’s crash amid a confluence of negative factors that weighed on the pound, including fears of a no-deal Brexit.

Euro Range-Bound as Selling Pressure Abates Despite USD Strength

The euro today traded sideways against the US dollar as the selling pressure abated as investors reacted to the calming of tensions between the US and Iran. The EUR/USD currency pair today attempted to rally unsuccessfully and was mostly stuck in slightly negative territory for most of today’s session despite upbeat German industrial data.

Euro Rallies on Mixed Trade Headlines Despite Weak German Data

The euro today rallied higher against the US dollar, which was under intense selling pressure as investors cautiously waited for US-China trade talks to resume. The EUR/USD currency pair rallied higher despite weak macro releases from Germany in the early European session mainly driven by positive investor risk sentiment.

Pound Rallies as Opposition Leaders Unite to Prevent Hard Brexit

The Sterling pound today rallied to new monthly highs after British opposition leaders agreed to support legislation aimed at preventing a no-deal Brexit. The Conservative Party criticised the move by the opposition MPs saying that the six leaders who signed the Church House declaration were planning to cancel the votes of 17.4 million people.

US Dollar Mixed on Data, Lingering Trade Conflict

The US dollar is mixed against a myriad of currencies to finish the trading week. The greenback is contending with various economic numbers, geopolitical developments, and market events to carve out a concrete direction, which might be the case for the next several trading sessions. The next month might be pivotal for the buck’s performance for the remainder of 2019.

Euro Falls as Fears of a Recession in Germany Dominate Markets

The euro today attempted to rally against the US dollar but failed to make any significant gains as investors sold the single currency on disappointing German GDP data. The EUR/USD currency pair failed to break above the crucial 1.1200 level amid selling pressure as fears of a German recession drove investors to the safe-haven dollar.

Pound Rallies on Upbeat UK Inflation, Drops on Recession Fears

The Sterling pound today rallied higher against the US dollar in the early London session following the release of the latest UK inflation data, which beat expectations. The GBP/USD currency pair later trimmed its gains as fears of a recession in the UK hit investors following the inversion of the UK yield curve for the first time since the 2008 financial crisis.

Euro Rallies Higher Despite Italian Political Uncertainty

The euro today rallied higher into the early European session despite rumours that the Italian government would call for an early election on October 23rd. The EUR/USD currency pair fell after the release of weak German trade balance data for June, which shrunk more than expected.

Navigation

Menu