The euro was trading slightly higher against most other major currencies today, though against some of them it was flat. Macroeconomic reports released in the eurozone today were good, but traders focused their attention on the events that will be happening later this week. Among them will be a monetary policy meeting of the European Central Bank. Currently though, the euro trimmed its gains, losing […]
The euro rose against other most-traded currencies today even after a report confirmed that eurozone inflation slowed last month. It looks like the market sentiment is recovering as riskier currencies are gaining upward momentum, while safer ones seem to be under pressure.
The euro rallied against most major currencies today. Some analysts attributed the rally to reports that Germany plans to stimulate its economies. Others pointed at today’s positive data as the main catalysts of the euro’s advance. The rally may be short-lived, though, as most market participants are not bullish on the euro ahead of this week’s European Central Bank monetary policy meeting.
The euro was mixed against other currencies despite macroeconomic data in Germany was better than expected.
The euro attempted to rally today but reversed movement against most of its rivals later, erasing gains against some of them outright. Traders remained cautious about the ongoing US-China trade conflict, while mixed macroeconomic data was not helping the currency either.
The euro declined versus its major rivals today after a report showed that German factory orders fell in December unexpectedly. The euro performed much better versus commodity currencies.
