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Euro Rallies Against Weak Dollar Driven by Positive Sentiment

The euro today spiked higher against the US dollar in the early American session driven by upbeat investor sentiment even as European equity markets closed lower today. The EUR/USD currency pair today rallied higher boosted by mixed data from the eurozone and the weaker greenback, which saw other major currencies post gains at its expense.

Euro Rallies on Upbeat Fundamental Releases From the Euro Area

The euro today rallied higher against the US dollar extending yesterday’s gains following the release of upbeat core inflation data from the eurozone. The EUR/USD currency pair capitalised on positive macro reports from across the euro area combined with the greenback’s overall weakness to inch higher.

Euro Rallies on Bullish Sentiment, Mixed Eurozone Inflation Data

The euro today rallied higher against the US dollar driven by positive investor sentiment even as the greenback registered losses across the board. The EUR/USD currency pair rallied higher ignoring the weak eurozone inflation data released earlier today as investors bid up riskier assets.

Euro Spikes Then Falls Against Dollar on Day Full of Macro Releases

The euro today rallied to new daily highs against the US dollar after the release of weak US data, but the single currency later gave up its gains. The EUR/USD currency pair fell after the release of upbeat US consumer sentiment data, which surprised investors causing the pair to sell-off.

Euro Among Weakest After Dire Macroeconomic Data

The euro was among the weakest currencies on the Forex market today after the release of a bunch of extremely poor macroeconomic reports and a very pessimistic economic forecast. While the currency has trimmed its losses by now, it is still trading lower against the vast majority of the most-traded currencies. The one exception was the Great Britain pound, which was even weaker than the euro.

Euro Trades Sideways on Mixed Macro Prints and ECB Rate Decision

The euro today alternated between gains and losses against the US dollar amid a raft of releases from across the euro area that kept the pair trading in a wide range. The EUR/USD currency pair reacted differently to the mixed European announcements such as Germany’s retail sales data among others as it struggled to find direction.

Euro Recovers After Mixed Economic Data, Supported by Plans for Easing Lockdown

The euro opened sharply higher today but has erased losses against the majority of its most-traded peers by now. The traders’ cautious mood was weighing on the currency, but hopes about an end to lockdown in the foreseeable future were supporting the euro. Eurozone macroeconomic data released over Monday’s trading session was mixed.

Euro Rallies on Reports of COVID-19 Cure and In-Line Eurozone CPI

The euro today rallied higher against the US dollar driven by bullish investor sentiment amid hopes that a cure for the coronavirus was on the horizon. The EUR/USD currency pair initially fell as the greenback rallied before changing course and surging higher as risk-appetite improved.

Euro Falls to New 5-Day Lows on Record Spanish COVID-19 Deaths

The euro today fell against the US dollar as deaths from the coronavirus in Spain reached new highs even as other European countries battle the disease. The EUR/USD currency pair today fell amid high demand for the dollar and the rising tensions in the European Union as Germany and Holland refuse to support Southern states.

Euro Falls Against US Dollar Due to Quarterly/End-Month Outflows

The euro today fell against the US dollar earlier in the session and was on track to book a loss for the second straight session as the greenback rebounded. The EUR/USD currency pair sold off amid end of month/quarter outflows in favour of the dollar, which could see the pair close lower for the month.

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