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Euro Falls to New Lows as Foreign Demand for US Dollars Skyrockets

The euro today fell against the much stronger US dollar amid a global rush for the world’s sole reserve currency as the world grapples with the coronavirus pandemic. The EUR/USD currency pair’s decline was further fueled by weak data from Germany and the euro area as European countries fight to contain rising coronavirus cases.

Euro Whipsaws on Conflicting German Headlines and Coronavirus

The euro today traded haphazardly against the US dollar oscillating between gains and losses as investors reacted to conflicting news reports about Germany’s fiscal policies. The EUR/USD currency pair rallied briefly then fell and later inched higher as the single currency failed to post sustained gains against the weak greenback.

Pound Falls Despite Upbeat UK Inflation Data and Positive US Prints

The Sterling pound today fell against the US dollar despite the release of upbeat UK inflation data in the early London session. The GBP/USD currency pair fell at a crucial support level, which has been cited by most analysts as the main reason for the pair’s decline.

Euro Falls Against Strong Dollar as Coronavirus Fears Persist

The euro today fell against the much stronger US dollar, which was boosted by the upbeat data released on Monday. The EUR/USD currency pair kept falling despite the release of upbeat data from across the euro area as the coronavirus human and economic toll mounted.

Euro Trades at 3-Month Lows Against US Dollar Ahead of FOMC

The euro today fell against the US dollar reversing yesterday’s brief recovery despite mixed releases from the euro area, which were utterly ignored. The EUR/USD currency pair’s decline saw it erase breach the critical 1.10 level as the bearish pressure mounted driven primarily by the stronger greenback.

Euro Breaks Below 1.10 on Mixed US Data and Risk-Off Sentiment

The euro today fell for the fourth consecutive session against the US dollar as the risk-off sentiment dominated the markets in the face of new coronavirus infections. The EUR/USD currency pair today broke below the critical 1.10 level despite European equities closing higher as investor risk aversion ebbed later in the session.

EUR/USD Pair Falls From Daily Highs on Upbeat US Retail Sales

The euro today fell against the US dollar in the American session following the release of upbeat US retail sales data. The EUR/USD currency pair fell from its daily highs giving up all the gains made earlier in the session as the Dollar Index soared.

Euro Falls on Middle East Tensions, Ignores Upbeat Eurozone Data

The euro today fell against the much stronger US dollar amid heightened political tensions in the Middle East as investors bought the safe-haven greenback. The EUR/USD currency pair was on a downward spiral from the start of the session ignoring upbeat eurozone releases, which accelerated after the release of upbeat US data.

US Dollar Slides Despite Bullish Data in Final Stretch of 2019

The US dollar is slipping against multiple publicly-traded currency rivals to kick off the holiday-shortened trading week and wind down 2019. The buck, which has pared most of its gains this year, failed to take advantage of the myriad of bullish economic data on Monday, creating a cause for concern that the dollar will start 2020 weaker.

Euro Rallies to 5-Month Highs on US-China Trade Headlines

The euro today rallied against the US dollar extending Friday’s gains as the greenback struggled to keep up with its global peers given the elevated market risk appetite. The EUR/USD currency pair rallied to new multi-month highs setting the single currency on track to finish the year strongly boosted by the positive US-China trade headlines.

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