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Euro Rallies Higher Against US Dollar on Weak US ISM Data

The euro today rallied higher against the US dollar after the release of weak US ISM Services/Non-Manufacturing Composite data during the North American session. The EUR/USD currency pair was largely trading sideways during most of the European session due to the release of mixed Markit data from the Eurozone.

Euro Slips Against Major Peers as Lackluster Business Activity Outweighs Robust Economic Growth

The euro slipped against the British pound and the US dollar on Tuesday, as a number of disappointing readings for business activity within the euro zone lead the shared currency lower. The euro’s losses were partly offset in the wake of a report that showed robust economic growth in the European Union during the previous quarter.

Euro Gains as Unemployment Rate and Core Inflation Beat Estimates

The euro moved higher against the US dollar on Monday to begin the week on a positive note, following the release of surprisingly positive retail sales in Germany and higher than expected core inflation rate in the euro area. The shared currency had moderate gains against the British pound today, supported by a report that revealed a lower unemployment rate than forecasted last month.

Euro Climbs on Upbeat German Business Confidence

The euro rose against the US dollar on Tuesday, after a new report showed better business confidence in Germany than previously expected, the biggest economy in the European Union. The shared currency had smaller gains against the British pound following a tweet from US President Donald Trump that mentioned a trade deal with the United Kingdom.

Euro Loses Ground on Slew of Lackluster Business Activity Data

The euro lost ground against the US dollar on Monday, declining from the highest level since January 2015 in the wake of fresh reports on business activity within the euro zone. The shared currency also dropped against the British pound after being weighed by similar releases in France and Germany, the two biggest economies in the European Union.

Euro Strong During Week of ECB Meeting

The euro was strong during the past trading week due to the statement of the European Central Bank, which market participants considered to be hawkish.

Euro Rallies Against US Dollar for Second Consecutive Day

The euro today rallied higher against the US dollar extending the gains made in a rally that was triggered by Mario Draghi‘s hawkish comments at a press conference yesterday. The euro was much stronger against a weak US dollar, which was negatively affected by the political turmoil in Washington as Donald Trump‘s administration failed to repeal Obamacare.

British Pound Declines Against Peers Despite Positive Retail Sales Data

The British pound today declined against the US dollar and the euro despite the release of positive UK retail sales data. The British pound rallied higher for a minute or so after the release before retracing all its gains and trending lower.

Pound Falls for Third Consecutive Session, Avoids Losses vs. Euro

The Great Britain pound fell today, declining for the third day in a row against its major rivals. The euro was an exception as the sell-off ahead of the policy announcement from the European Central Bank made the shared 19-nation currency even weaker than the currency of the United Kingdom.

Euro Rallies Even as Inflation Slows, ECB in Focus

The euro was up against its major rivals during the current trading session even though today’s report confirmed a slowdown (albeit small) of eurozone inflation.

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