Economic Confidence — News Archive

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Euro Rallies on Positive Data, Remains Vulnerable Ahead of ECB

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.

EUR/USD Drops to New Lows Despite Positive Eurozone Data

The EUR/USD currency pair today declined to new lows below the crucial 1.2000 psychological level and was on a track to book the second consecutive losing session this year. The currency pair’s decline was largely triggered by the goodish recovery in the US dollar as investors ignored Friday’s disappointing US jobs data.

Better Eurozone Sentiment Helps Euro Pare Some of Its Losses

Euro was struggling a great deal earlier in the session, but the 19-nation currency has since pared some of its losses. Better news out of the eurozone, with an improved confidence reading, is helping the euro, although it is still mostly lower against its major counterparts.

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