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Euro Declines Despite Solid German Data as Traders Remain Cautious

The euro fell against the US dollar and the British pound on Tuesday, despite positive economic data in Germany, Europe’s biggest economy. Demand for the shared currency was faint as caution spread between traders as they worried of corrective movements that may follow a rally that lasted for months.

Euro Maintains Gains Against US Dollar as Manufacturing Activity Grows in December

The euro maintained its gains against the US dollar on Thursday following a series of data releases that revealed strong activity in the manufacturing sector throughout the European Union. However, the shared currency failed to remain strong against the British pound, which was supported by solid growth in UK retail sales last month.

Euro Steadies at Lowest Level in 10 Days in Wake of Mixed Services Sector Data

The euro traded within a tight range against the US dollar on Monday, following a mixed picture that was painted by new readings for the services sector within major European economies. A lack of major economic releases in the United States today left traders anticipating additional information on the Republican tax reform plan, which kept the dollar little changed since Friday.

Euro Ends Week Among Losers After ECB, Political Upheaval

The euro ended the week among the weakest currencies due to the dovish stance of the European Central Bank and the political crisis in Spain.

Euro Moves Higher Against US Dollar as German Manufacturing Strengthens

The euro moved marginally higher against the US dollar on Tuesday as investors digested the latest reports on manufacturing activity within the eurozone. Positive readings for a number of manufacturing purchasing managers’ indexes reflected improving conditions for the sector in Germany, France, and the European Union.

Euro Forecast: Markets Wait for ECB Policy Decision

Several central banks will make their policy decisions this week, but the European Central Bank will take the center stage as it should announce changes to its extraordinary stimulus program.

British Pound Rallies Higher Against US Dollar on PM May Speech

The British pound today rallied higher against the US dollar after a speech by British Prime Minister, Theresa May, where she called for collaboration between the EU and the UK on Brexit negotiations. PM May made her comments at an informal meeting with leaders of the European Council even as she remarked that the current Brexit talks had been challenging.

US Dollar Ends Week as Weakest Currency After FOMC & CPI

The US dollar ended the week as the weakest currency among the major ones. The euro was mixed, while the Great Britain pound was the strongest.

US Dollar Ends Week as Strongest Currency Despite Falling Employment

The US dollar ended the week as the strongest major currency as market participants considered an interest rate hike from the Federal Reserve in December almost guaranteed.

Euro Stable After Catalan Independence Referendum

Political crisis in Spain led to worries among investors and drove prices for European assets down. Yet the euro was showing muted reaction to the news so far.

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