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Euro Rallies on Upbeat Sentiment, Positive Data, and Yellen Testimony

The euro today rallied higher against the dollar fueled by the risk-on investor sentiment and positive macro releases from various European dockets. Janet Yellen’s testimony further boosted the EUR/USD currency pair’s rally as the incoming US Treasury Secretary favours additional spending.

Euro Plunges Against Dollar on Weak Eurozone Trade Balance Data

The euro today fell against the resurgent dollar following yesterday’s speech by Jerome Powell saying that it was too early to consider tapering of the Fed’s bond-buying program. The EUR/USD currency pair’s decline was also supported by the recent dovish comments from European Central Bank officials regarding the euro’s exchange rate.

Euro Falls to 4-Week Lows Against Dollar, Later Recovers to Post Gains

The euro today fell to new 4-week lows against the dollar as investor sentiment towards the single currency remained bearish extending yesterday’s losses. The EUR/USD currency pair’s decline was also fueled by the dovish ECB Governing Council minutes, which raised concerns about the euro’s exchange rate.

Euro Slips Against Dollar on Dovish ECB Speeches, Risk-Off Sentiment

The euro today fell against the dollar despite the release of multiple upbeat macro prints from across the euro area as investors risk appetite remained muted. The EUR/USD currency pair was also weighed down by dovish comments from European Central Bank policymakers regarding the euro’s strength.

Euro Rallies As Investors Turn Bullish on US Data, Georgia Election

The euro today rallied higher against the dollar during the American session boosted by positive US releases, a weak dollar and bullish investor sentiment. The EUR/USD currency pair had traded in a tight range earlier in the day despite positive euro area releases including the upbeat German retail data.

Euro Rallies After ECB Extends Stimulus Plan by €500Bn, Maintains Rates

The euro today rallied higher against the dollar after the European Central Bank extended its stimulus programme and did not sound too dovish. The EUR/USD currency pair’s rally was also boosted by the upbeat market sentiment towards the single currency and the weak greenback.

Greenback Firms After US Stocks Sink

The US dollar firmed by the end of Wednesday’s trading session, trimming losses against some peers and erasing them completely against others. Market analysts pointed at the slump of the US stock market as the likely reason for the recovery of the greenback.

Euro Soft Ahead of ECB Monetary Policy Meeting

The euro was soft today, falling against almost all most-traded currencies. The only exception was the New Zealand dollar, which failed to maintain the intraday rally versus the euro. While domestic macroeconomic data was somewhat disappointing, the upcoming monetary policy meeting of the European Central Bank was the main driver for the common currency of the eurozone.

Euro Plunges on Weak German GfK Survey and Dovish ECB Minutes

The euro today fell against the dollar following the release of the weak Germany GfK survey early in the European session combined with the risk-off market sentiment. The EUR/USD currency pair today fell even though US markets were closed for the Thanksgiving Day celebrations as investors bought the safe-haven greenback.

Euro Rallies on Upbeat German GDP and IFO Business Climate Data

The euro today surged against the dollar boosted by the upbeat German Q3 GDP report released early in the European session and positive investor sentiment. The EUR/USD currency pair later fell as the dollar recovered and printed new daily highs before recouping most of its losses during the American session.

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