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EUR/USD Trades Sideways on Eurozone and US Data

The EUR/USD currency pair was on a downtrend for most of the European session after the release of Eurozone CPI data for October. The pair later rebounded in the early American session after the release of US macro data.

Euro Rallies Against US Dollar on Positive German GDP Data

The euro today rallied higher against the US dollar after the release of German GDP data by the Federal Statistical Office. Other releases from the Eurozone including the higher consumer prices in Germany served to boost the euro against the greenback.

EUR/USD Rallies Briefly on Weak Consumer Sentiment Data

The euro today rallied briefly against the US dollar after the release of weak consumer sentiment data by the University of Michigan. This was the second rally by the single currency today as the euro had rallied against the US dollar earlier in the European session, but had given up most of its gains.

Euro Gains Against US Dollar on ECB Economic Bulletin

The euro today gained significantly against the US dollar after the European Central Bank released its economic bulletin. The US dollar was largely weaker against the euro on the back of increased skepticism surrounding the Republican tax reform bill, details of which are to be released later today.

Euro Hits 4-Month Lows Against US Dollar on Draghi Speech

The euro today hit new 4-month lows against the US dollar after Mario Draghi‘s speech at the European Central Bank‘s Forum on Banking Supervision in Frankfurt. Higher demand for the US dollar also contributed to the EUR/USD currency pair’s decline as the US Dollar Index traded at new highs during today’s session.

EUR/USD Pair Trades Sideways on Conflicting Eurozone Data

The EUR/USD currency pair today traded sideways even as markets reacted to conflicting reports from the Eurozone regarding GDP growth and inflation levels. The release of the Eurozone GDP growth data for the third quarter boosted the pair as it beat expectations, while the Eurozone CPI data disappointed as it was lower than expected.

EUR/USD Hits New Lows After the Release of US GDP Report

The EUR/USD currency pair today hit new multi-month lows, which were last witnessed in July, after the release of positive US GDP data in the early North American session. The pair’s massive decline began yesterday after the European Central Bank cut its quantitative easing program by half, while painting a dovish outlook for the Eurozone.

Euro Crashes Against US Dollar as ECB Slashes QE Program by Half

The euro today crashed against the US dollar after the European Central Bank announced that it would cut its quantitative easing program by half to €30 billion in 2018. The ECB also left interest rates at their current levels with Mario Draghi, the ECB President, expressing concern over a number of financial issues facing the Eurozone including low inflation rates.

EUR/USD Rallies Higher on Record German Business Climate Index

The EUR/USD currency pair today rallied higher after the release of an extremely high German IFO business climate index  for the month of October. The currency pair’s rally was limited by the markets’ anticipation of the decision by the European Central Bank regarding the tapering of its quantitative easing program.

Euro Mixed amid Clashing Fundamentals

The euro was mixed today, falling against the US dollar and the Great Britain pound, while rising versus the Japanese yen and the Swiss franc. The currency was supported by positive macroeconomic data and the outlook for an asset-purchase reduction, while dragged down by Europe’s political issues like the Brexit and separatism in Catalonia.

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