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Euro Rallies on ECB Comments and In-Line Eurozone Inflation Data

The euro today inched higher against the dollar as rising eurozone coronavirus cases continued to weigh on the single currency amid mixed inflation reports. The EUR/USD currency pair was trading sideways earlier today before surging higher boosted by positive comments from European Central Bank policymakers.

Euro Falls Against Strong Dollar Despite Revived Stimulus Talks

The euro today fell against the US dollar driven by the risk-off market mood, which saw riskier assets selloff in favour of safe-haven assets such as the greenback. The EUR/USD currency pair’s decline occurred at a major resistance level as sellers stepped in driving the pair to its daily lows buoyed by the weak German data.

Euro Falls to 2-Month Lows As Investors Remain Risk Averse

The euro today fell to 2-month lows against the US dollar driven by negative investor sentiment as coronavirus cases in Europe and across the world continue to rise. The greenback’s rally also fueled the EUR/USD currency pair’s decline as investors piled into the world’s only reserve currency despite the looming US elections.

Euro Falls Against US Dollar, Later Recovers to Trade Sideways

The euro today fell against the dollar before recovering to trade sideways boosted by upbeat data from across the euro area and positive market sentiment. The EUR/USD currency pair today fell to its daily lows after the release of upbeat US consumer sentiment data but recovered quickly as investor risk appetite remained elevated.

Euro Rallies Then Falls Against the Dollar on Upbeat US Inflation

The euro today rallied higher against the US dollar following hawkish speeches by European Central Bank policymakers during the early European session. The EUR/USD currency pair later gave up some of its gains as the Brexit rhetoric weighed on the single currency combined with the upbeat American inflation data.

Euro Rallies on ECB Rate Decision and High US Jobless Claims

The euro today held on to its gains after the European Central Bank announced its interest rate decision, which was in line with analysts expectations. The EUR/USD currency pair extended its bullish trend during the ECB Governor’s speech, which was relatively hawkish.

Euro Firm After Mixed Data, Comments from ECB Board Member

The euro rose today. In fact, the shared 19-nation currency was one of the strongest currencies during Monday’s trading session despite mixed domestic macroeconomic data released during Monday’s trading. Positive comments made in the interview with a European Central Bank board member were supportive of the currency.

Euro Swings Between Gains and Losses on Powell’s Speech

The euro today alternated between gains and losses against the US dollar swinging wildly between gains and losses ahead of Jerome Powell speech. The EUR/USD currency pair spiked higher and then crashed lower during the Fed Chair’s speech creating uncertain trading conditions for most traders.

USD/CHF Rises As SNB, Others Wind Down Dollar Liquidity Operations

The Swiss franc is rising to finish the trading week as the Swiss National Bank (SNB) announced that central banks are scaling back their US dollar liquidity operations. As foreign demand diminishes, central banks agreed that currency swap agreements were no longer necessary. Does this bode well for the greenback, or does it signal a decline ahead for the buck?

Euro Seesaws Against the Dollar on Eurozone and US Macro Data

The euro today seesawed between losses and gains against the US dollar following yesterday’s massive drop after the release of the FOMC meeting minutes. The EUR/USD traded in a wide range today marked by declines and rallies as the single currency remained mainly at the greenback’s mercy after yesterday’s resurgence.

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