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Euro Rises to 6-Week Highs on Upbeat Euro Area Data, Risk-On Sentiment

The euro soared against the dollar amid a series of upbeat macro releases from across the euro area combined with the positive investor sentiment. The EUR/USD currency pair’s rally was also boosted by positive comments from a senior European Central Bank policymaker and the dollar’s weakness.

Euro Edges Higher on German GDP, Later Falls on Soaring US Yields

The euro initially edged higher against the dollar, boosted by investor sentiment and positive data from Germany, before reversing and heading lower later in the session. The EUR/USD fell as US Treasury yields soared, lifting the dollar despite the Fed chair Jerome Powell’s dovish stance on the central bank’s monetary policies.

Euro Drops Against Dollar, Spikes Higher on Powell Speech, Later Falls

The euro fell against the resurgent US dollar ignoring in-line euro area releases, as US Treasury yields remained stable during the first half of today’s session. The EUR/USD currency pair spiked higher during Jerome Powell‘s speech but later fell despite the Fed chair reiterating the bank’s accommodative stance.

Euro Strong After German Business Climate Jumps Sharply

The euro was strong against most other currencies today except for the top performers — the Australian and New Zealand dollars. Macroeconomic data released in the eurozone today was good but it does not seem to be the major reason for the currency’s decent performance.

Euro Rallies Against Dollar on Upbeat German PPI, and Eurozone PMIs

Today, the euro rallied higher against the much weaker dollar, extending yesterday’s gains buoyed by the positive euro area PMI reports released by Markit Economics. The EUR/USD currency pair rallied higher as investor sentiment towards the single currency turned bullish, boosted by the region’s improved COVID-19 vaccine rollout.

Euro Plunges Against Buoyant Dollar on Upbeat US Retail Sales and PPI Data

The euro fell against the resurgent dollar buoyed by rising US Treasury yields and upbeat US retail sales figures amid a mostly empty European docket. The EUR/USD currency pair was under intense selling pressure for the second consecutive day after hitting 3-week highs largely driven by the dollar.

Euro Gains as GDP & ZEW Economic Sentiment Beat Expectations

The euro rose today on the back of better-than-expected macroeconomic releases in the eurozone. The shared 19-nation currency gained against all of its most-traded rivals, except for the New Zealand dollar, which was extremely strong during Tuesday’s trading.

Euro Forecast for February 15-19, 2021

The euro started the trading week on a weak footing, falling against many of its most-traded counterparts. The EUR/USD currency pair has been trading about flat. What can traders expect from the EUR/USD pair and the euro in general during the rest of the trading week?

Euro Falls amid Slow Vaccine Rollout, Declining Industrial Production

The euro fell against the majority of most-traded currencies today, though managed to keep its previous gains versus the US dollar and extend the rally against the Japanese yen. Market analysts named two most likely reasons for the euro’s weakness: a slow vaccine rollout and a bigger-than-expected contraction of industrial production.

Euro Rises After Update to Economic Outlook

The euro was strong today, rising against its major peers, after the release of the economic outlook for the eurozone and the European Union as well as economic data in Germany.

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