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Euro Weak Despite Risk Appetite, Positive Economic Data

Markets were in a risk-on mode on Monday. Usually, positive market sentiment is good for the euro but that was not the case today. The shared 19-nation currency fell against almost all of its most-traded rivals, managing to gain only on safe currencies, which seemed unattractive for traders amid risk appetite. And even then, the euro failed to beat the US dollar, which is considered to be one of the safe-haven currencies.

Euro Rallies to 2-Year Highs Against the Dollar on Weak US GDP

The euro today rallied to new 2-year highs against the US dollar driven by positive releases from across the eurozone combined with weak US GDP data. The EUR/USD currency pair today was boosted by upbeat German unemployment data as opposed to the rising jobless claims in the US, which dragged the greenback lower.

Euro Rallies Against on Positive Sentiment and Releases, Later Falls

The euro today rallied against the US dollar during the first half of today’s session before turning lower later and giving up most of its gains to trade flat for the day. The EUR/USD currency pair’s behaviour was primarily influenced by the investor risk appetite of lack thereof as well as the mixed releases from across the euro area.

Euro Hits Daily Highs on Fed Rate Decision and Mixed Eurozone Data

The euro today rallied to new daily highs against the US dollar following the FOMC rate decision, which was in line with analysts consensus estimates. The EUR/USD currency pair today alternated between gains and losses driven by mixed fundamental releases from across the eurozone.

Euro Rises on German Inflation Data and Flash US GDP Report

The euro today inched higher against the US dollar as it struggled to shake off the selling pressure that has kept the EUR/USD currency pair trading in a tight range. The single currency posted gains in the American session despite the release of mixed German inflation data accompanied by in-line preliminary US Q4 GDP figures.

Euro Falls to 7-Day Lows on Depressed Market Risk Sentiment

The euro today fell to new weekly lows against the US dollar as the risk-off market sentiment persisted after Iran attacked US bases in Iraq. The EUR/USD currency pair’s decline was accelerated further by the release of weak data from the euro area earlier today.

Euro Falls on Weak German Inflation Data and Investor Sentiment

The euro today rallied briefly against the US dollar in the early European session before giving up its gains as the greenback recovered to post gains. The EUR/USD currency pair traded near its monthly lows as the pair seemed set to close the month with significant losses as compared to the gains recorded in October.

Euro Trades Sideways on Mixed US GDP and Upbeat German CPI

The euro today traded sideways against the US dollar following the release of mixed US GDP data in the early American session. The EUR/USD currency pair fell slightly on the upbeat US releases, but its decline lacked conviction following the release of upbeat German consumer data.

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.

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