The euro today traded near 22-month lows against the US dollar as investors remained worried about the state of most euro area economies. The lack of releases from the eurozone docket also contributed to the EUR/USD currency pair’s decline amid mixed releases from the US docket.
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.
The euro today rallied to new April highs against the US dollar driven largely by positive investor sentiment amid a calm market environment. The EUR/USD currency pair today rallied higher boosted by the selling pressure around the greenback and the shrinking yield spread between US and German bonds.
The euro today traded sideways against the US dollar amid a mixed market mood as investors weighed the data divergence between the EU and the US. The EUR/USD currency pair later broke out of its sideways range in the American session as the US dollar recovered.
The euro today extended its rally against the US dollar for the fourth consecutive session driven by positive eurozone releases. The EUR/USD’s rally was also boosted by the release of mixed US data and the improved market risk sentiment amid Brexit hopes.
The US dollar is mixed against a basket of major currencies on Thursday. With a flood of economic data, traders are sifting through the numbers and finding a play in the greenback. The US-China trade negotiations are also lingering in the background, something that could soon play a factor in the dollar in the coming weeks because reports suggest a new trade agreement is on the brink of happening.
The euro today traded with significant moves in both directions within a wide range as the single currency was buffeted by shifting investor sentiment throughout the session. Investors reacted both positively and negatively to various key developments during the day such as the Markit Germany Services PMI causing the EUR/USD pair to whipsaw within a wide range.
The US dollar is surging against its major rivals on Friday, thanks to positive economic data and comments by one Federal Reserve official. The greenback is on a tear in 2018, despite several factors that would normally the hurt currency, and it will likely finish the year up roughly 5%. Will 2019 be as friendly to the buck?
The euro today rallied higher against the US dollar in the mid-European session following rumors that the US Federal Reserve would pause its rate hikes in Spring 2019. The euro had rallied higher in the early European session after Italy’s Deputy Prime Minister Matteo Salvini teased that his government was willing to make revisions to its 2019 budget.
The US dollar is rallying against a basket of currencies on Thursday after the release of a mixed bag of economic data. The greenback has been trading higher over the last few trading sessions, helping the currency add to its impressive year-to-date gains.
