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Sterling Pound Falls on Brexit Jitters, Later Rallies on Reassurances

The sterling pound today alternated between losses and gains against the US dollar driven mostly by market sentiment given the empty UK dockets. The GBP/USD currency pair later rallied after the British government confirmed that it was committed to sealing a post-Brexit trade deal with the EU.

Euro Mixed As EU Reaches Breakthrough in Recovery Fund

The euro is trading relatively subdued against many of its G10 currency rivals on Tuesday, despite the European Union (EU) reaching a breakthrough agreement over a new $2 trillion fiscal stimulus and relief plan. Following marathon sessions of 27 EU governments, officials were finally able to compromise on this monumental and unprecedented spending package that is aimed at resuscitating the eurozone economy. Will it be enough to stimulate the eurozone […]

Euro Holds Steady As EU Leaders Engage in ‘Mission Impossible’ Talks

The euro is trading at its best level against the US dollar since March as European Union (EU) leaders confirm they have made progress on stimulus and debt talks. The currency had been mainly unaffected by the central bank leaving interest rates and its quantitative easing efforts unchanged, but the fiscal policy could drive the euro for the remainder of the month.

Swiss Franc Mixed As SNB Boosts Liquidity Measures, Fitch Maintains ‘AAA’ Rating

The Swiss franc is trading mixed to kick off the trading week as Switzerland’s economy attempts to be resuscitated in the aftermath of the COVID-19 pandemic. The Swiss franc is struggling for consistent direction against a myriad of currency rivals, with the central bank launching additional liquidity measures and Fitch maintaining its AAA rating of the Swiss economy.

Euro Rallies on New of Potential COVID-19 Cure, Positive Sentiment

The euro today rallied higher against the US dollar on news of a possible cure for the novel coronavirus, which saw investors bid up riskier assets such as the single currency. The EUR/USD currency pair was also boosted by investor optimism regarding the outcome of the ongoing recovery talks between finance ministers from the European Union‘s member countries.

Euro Trades up and Down Amid Shifting Market Dynamics

The euro today traded both higher and lower against the US dollar driven by shifting market dynamics in favour of each other over sustained periods. The EUR/USD ended up trading flat after falling and rising severally primarily driven by investor sentiment amid a mostly empty European docket.

Euro Falls on Risk-Off Market Sentiment Amid Global Recession Fears

The euro today fell against the US dollar driven by the risk-off market sentiment dominated by fears of a looming global recession in the aftermath of the COVID-19 pandemic. The EUR/USD currency pair extended yesterday’s decline that was triggered by the Fed Chair Jerome Powell’s dismissal of negative interest rates in the US.

Euro Mixed After Collapse of German Business Climate, EU Rescue Package Disagreement

The euro fell against the US dollar and the bigger-than-expected slump of the German business climate and the disagreement between the European Union members about how to tackle financial stimulus to the economy. Against other rivals the euro was mixed.

Euro Rises Then Falls on Rising Coronavirus Cases and Equities Sell-Off

The euro today rallied against the US dollar earlier in the session before falling later during the American session as the global equities sell-off deepened. The EUR/USD currency pair headed lower as European stock markets closed in the red and American markets opened lower later in the day.

Pound Falls on Johnson’s Brexit Comments Amid Low Liquidity

The Sterling pound today fell against the US dollar as the UK and the European Union continue to play hardball with each other ahead of the official Brexit negotiations. The GBP/USD fell for most of today’s session amid low-liquidity conditions, given that the US markets remained closed even as the country celebrates President’s Day.

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