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Euro Falls After 4-Day Rally Amid Rising European Coronavirus Cases

The euro today fell against the US dollar as traders took their profits following  4-day rally marked by steady gains driven by positive investor sentiment. The EUR/USD currency pair headed lower as the greenback rallied higher amid rising coronavirus cases and deaths in Spain and Italy.

Japanese Yen Strengthens As BoJ Plans to Help Fight COVID-19 Crisis

The Japanese yen is accelerating against several currencies on Tuesday as the central bank announced that it plans to help stabilize financial markets that have been decimated by the coronavirus. With an already fragile economy on the brink of a recession, the Bank of Japan (BoJ) aims to offer liquidity to ensure Covid-19 does not do any more damage to a country that is scheduled to host the Olympic Games in Tokyo. The announcement was not enough […]

Euro Trades at April 2017 Lows Despite Upbeat German Macro Prints

The euro today traded at multi-year lows against the US dollar despite the release of positive German macro reports in the early European session. The EUR/USD currency pair fell to lows last witnessed in April 2017 after the results of the last French election were announced.

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.

US Dollar Falls Against Rivals on Weaker Business Investment in 2019

The US dollar is falling against its major currency rivals on Tuesday as new data highlights an uncomfortable truth for the world’s largest economy: Business investment is weakening. That has not stopped the consumer from being bullish as confidence in the US economy has not been this high in more than 20 years.

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.

Euro Falls on ECB Rate Decision and Dovish ECB Strategic Review

The euro today crashed to new monthly lows against the US dollar after the European Central Bank announced its rate decision and strategic review. The EUR/USD currency pair today fell to lows last seen on 2nd December 2019 amid a risk-averse market environment that saw most European equity indices close the day lower.

Mexican Peso Slides As Industrial Output, Fixed Investment Drop

The Mexican peso slipped against multiple currency rivals to kick off the trading week as weak industrial output, fixed investment, and consumer confidence impacted the currency. Despite the disappointing numbers, the central bank anticipates the economy to record a strong first quarter. Is this enough to lift the peso?

Japanese Yen Weakens As Household Confidence, Foreign Investment Wanes

The Japanese yen is weakening against most of its currency rivals on Thursday as consumer confidence tumbled in December and recent investment numbers turned heads in Tokyo. The yen had rallied in the wake of the escalation in the US-Iran conflict, but with Middle East tensions abating investors resuscitated their risk appetites.

Euro Falls to 7-Day Lows on Depressed Market Risk Sentiment

The euro today fell to new weekly lows against the US dollar as the risk-off market sentiment persisted after Iran attacked US bases in Iraq. The EUR/USD currency pair’s decline was accelerated further by the release of weak data from the euro area earlier today.

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