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Euro Falls Against Dollar Despite Upbeat Euro Area Markit PMI Releases

The euro extended its losing streak against the dollar for the second day in a row despite the release of multiple upbeat euro area PMIs by Markit Economics. The EUR/USD currency pair’s decline mimicked the dollar’s rally, which kept rising, ignoring the falling US Treasury yields, as the country considers more stimulus.

Euro Spikes Higher Against Dollar on Dovish Fed Interest Rate Decision

The euro spiked higher against the dollar, triggered by the dovish tone adopted by Fed Chairman Jerome Powell after announcing the bank’s interest rate decision. The EUR/USD currency pair had traded sideways for most of today’s session before the spike higher, as the US Dollar Index crashed, boosting riskier currencies.

Pound Falls Against Dollar on Dovish Bailey Comments, Later Recoups Losses

The Sterling pound fell against the dollar as markets reacted to dovish comments by the Bank of England Governor regarding the bank’s bond purchases. The GBP/USD currency pair recovered most of its losses later in the session largely due to the dollar’s weakness as more European countries halted AstraZeneca’s vaccine’s rollout.

Euro Edges Higher on German GDP, Later Falls on Soaring US Yields

The euro initially edged higher against the dollar, boosted by investor sentiment and positive data from Germany, before reversing and heading lower later in the session. The EUR/USD fell as US Treasury yields soared, lifting the dollar despite the Fed chair Jerome Powell’s dovish stance on the central bank’s monetary policies.

Euro Plunges Against Buoyant Dollar on Upbeat US Retail Sales and PPI Data

The euro fell against the resurgent dollar buoyed by rising US Treasury yields and upbeat US retail sales figures amid a mostly empty European docket. The EUR/USD currency pair was under intense selling pressure for the second consecutive day after hitting 3-week highs largely driven by the dollar.

Sterling Falls Despite Upbeat UK Inflation As Dollar Rallies on Stimulus Hopes

The Sterling pound fell against the dollar despite the release of upbeat UK inflation data as the greenback remained supported by the rising US Treasury yields. The GBP/USD currency pair fell from fresh 34-month highs hit yesterday as the dollar continued to benefit from the $1.9 trillion US stimulus package’s broad expectations.

Euro Falls As ECB Mulls a Rate Cut to Weaken the Euro and Boost Inflation

The euro fell against the dollar after officials from the European Central Bank clarified that they would intervene if the single currency’s strength affected inflation. The EUR/USD currency pair’s decline later recouped some of its losses in a snapback move as the US Dollar Index fell triggering a recovery by its peers including the euro.

Euro Plunges Against Dollar on Weak Eurozone Trade Balance Data

The euro today fell against the resurgent dollar following yesterday’s speech by Jerome Powell saying that it was too early to consider tapering of the Fed’s bond-buying program. The EUR/USD currency pair’s decline was also supported by the recent dovish comments from European Central Bank officials regarding the euro’s exchange rate.

Euro Falls Against Resurgent Dollar on Weak Inflation and Retail Sales Data

Today, the euro fell against the resurgent dollar amid rising US Treasury yields that boosted the world’s reserve currency despite the turbulent American politics. The EUR/USD currency pair’s decline was also fueled by the disappointing inflation data coming out of the eurozone, causing investors to sell the euro.

Euro Falls on Rising Eurozone COVID-19 Cases, Risk-Off Sentiment

The euro today fell against the US dollar as investors sold the single currency amid rising coronavirus cases within the euro area dampening investor sentiment. The EUR/USD currency pair’s decline was further fueled by the stalemate in the US stimulus talks ahead of next week’s Presidential election as equity markets sold off.

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