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Euro Rallies From 2-Year Lows Despite Weak Eurozone Releases

The euro today rallied from new 2-year lows against the US dollar hit during the Asian session despite the release of mostly weak macro data from across the eurozone. The EUR/USD currency pair pulled back from the lows as the greenback fell boosting the single currency and helping it rally despite the weak euro area fundamentals.

Swiss Franc Rallies As Investors Pour Into Safe-Haven Currency

The Swiss franc is rallying midweek against multiple major currencies as investors are pouring into the safe-haven currency. With the central bank refusing to follow other institutions in easing monetary policy, traders were enthusiastic about the nation’s ability to weather the coming economic storm clouds, especially after the government slashed economic growth projections for 2019.

Euro Jumps as German Economic Sentiment Improves Sharply

The euro rallied today after the release of positive economic sentiment figures for Germany as well as the whole eurozone. But economists are worried that the eurozone economy is still extremely vulnerable and the improvement of the sentiment does not reflect the underline strength of the economic activity.

Euro Falls on Weak Eurozone Releases, Spikes Higher on ECB Speak

The euro today fell against the US dollar in the early European session following a series of weak releases from France, Germany and the eurozone. The EUR/USD currency pair extended its losses following the release of upbeat US GDP data before spiking higher on hawkish ECB comments then quickly falling back.

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.

Swiss Franc Gains on Budget Surplus Forecast, Capped by Weak Sentiment

The Swiss franc is gaining against a basket of currencies on Thursday, supported by the government’s federal budget surplus forecast. As the economic powerhouse introduces tax and pension reforms, the government thinks it will take in more revenues. But the healthy state of the nation’s finances is not making investors optimistic on the economy.

Euro Falls to 2-Week Lows on Dovish Draghi Speech and Weak Data

The euro today fell to new 2-week lows following Mario Draghi’s introductory speech at the ongoing ECB Forum in Sintra, Portugal, which was interpreted as being very dovish. The EUR/USD currency pair was also weighed down by macro releases from Germany and the euro area, which missed expectations.

Euro Trades Flat As EU Leaders Meet to Discuss Top Jobs, Later Falls

The euro today dropped briefly against the US dollar in the Asian session before recovering and trading flat during the European session as the new EU leaders met to discuss top positions in the organization. The EUR/USD currency pair later fell back to its daily lows in the American session following the release of upbeat US consumer confidence data at the time.

Euro Fails to Rally amid US-China Trade Spat, Macroeconomic Data Doesn’t Help

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.

Euro Drops on Weak Business Climate, Gains on Mixed US Inflation

The euro today posted gains against the US dollar following the release of weak US inflation data in the early American session. The EUR/USD currency pair today fell from session highs following the release of weak eurozone business climate data in the early European session.

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