Department of Labor — News Archive

    Archives

Euro Rallies on Upbeat Eruozone PMIs, Falls Despite Weak US Data

The euro today rallied higher following the release of mostly upbeat PMI reports from across the eurozone by Markit Economics in the early European session. The EUR/USD currency pair later fell in the early American session despite the disappointing US releases driven by subdued investor risk sentiment ahead of tomorrow’s US holiday.

Euro Stays Range Bound for Second Day Despite Multiple Releases

The euro today traded sideways against the US dollar reacting to releases from both the European and American dockets but failing to break out in a specific direction. The EUR/USD currency pair rallied higher in the early European session and later headed lower ignoring the upbeat German inflation data as the greenback recovered.

Euro Falls to 9-Day Lows on Trade Concerns and Positive US Data

The euro today fell to 9-day lows against the US dollar in the American session following the release of upbeat US data and a rally in US equity markets. The EUR/USD currency pair attempted to rally earlier today following upbeat trade headlines regarding the eurozone, but the rally quickly fizzled out.

Pound Falls Against US Dollar on Brexit Uncertainty, Later Recovers

The British pound today fell against the US dollar driven by uncertainty regarding Theresa May‘s leadership amid rumors that she could face a leadership challenge. The GBP/USD currency pair later recovered after it emerged that the Prime Minister was safe from an internal leadership contest, which reassured investors.

Pound Falls Despite Upbeat UK Retail Sales, Extends Losses on US Data

The Sterling pound today fell against the US dollar despite the release of upbeat UK retail sales data in the early London session. The GBP/USD currency pair extended its losses following the release of positive retail sales data from the US docket in the early American session.

Euro Falls Against US Dollar on Low US Jobless Claims and Strong PPI

The euro today fell against the US dollar breaking out of a consolidative range that was in place from the start of today’s session driven by shifting investor sentiment. The EUR/USD currency pair headed lower in the mid-European session as markets reacted to a US dollar rebound as tracked by the US Dollar Index.

US Dollar Firm As Unemployment Claims Lowest in Almost 50 Years

The US dollar was firm today, supported by the unexpected drop of claims for unemployment benefits. Optimism about the upcoming meeting of the leaders of the United States and China was also contributing to the strength of the US currency.

Dovish ECB Rate Decision and Draghi Comments Trigger Euro Crash

The euro today crashed to almost 2-year lows following dovish comments by the European Central Bank Governor after the bank’s interest rate decision earlier today. The EUR/USD currency pair today fell to lows last witnessed in June 2017 after the ECB slashed the eurozone’s economic growth forecasts and announced new easing measures.

Euro Rallies Driven by Other Currency Cross, Drops on US GDP Data

The euro today rallied higher against the US dollar from the early European session driven largely by investor sentiment to hit over 3-week tops midway through the session. Shortly after, the EUR/USD currency pair plunged lower in a pullback that was compounded by the release of the upbeat US Q4 GDP data.

Euro Falls to Daily Lows Below Key Level on Mixed Eurozone Data

The euro today fell from yesterday’s highs, which were triggered by the dovish FOMC policy statement and comments, following the release of mixed eurozone data. The EUR/USD currency pair recovered slightly after the release of higher-than-expected US jobless claims data, which painted a different picture of the country’s labor market.

Navigation

Menu