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Euro Soars on US-China Trade Deal Optimism, Later Crashes

The euro today rallied to its daily highs in the early American session after news emerged that China and the US were keen on signing a phase one deal. The EUR/USD currency pair today rallied higher after the release of the minutes of the ECB Governing Council‘s October meeting in which the board called for unity among member countries.

Euro Trades Sideways Amid Positive Releases and USD Weakness

The euro today traded sideways against the US dollar amid positive releases from across the euro area and risk-off market sentiment. The EUR/USD currency pair was not very active today as the data released from the eurozone was deemed inconsequential.

Euro Holds Ground After Inflation Slows

The euro rose against other most-traded currencies today even after a report confirmed that eurozone inflation slowed last month. It looks like the market sentiment is recovering as riskier currencies are gaining upward momentum, while safer ones seem to be under pressure.

Euro Range-Bound On In-Line German CPI, Falls on Powell Testimony

The euro today traded sideways against the US dollar in a low-volatility market environment as traders waited for Jerome Powell‘s statement and testimony later in the day. The EUR/USD currency pair had a muted reaction to the release of inflation data from both Germany and the USA as the technical conditions surrounding the pair remained neutral.

Euro Falls Against US Dollar Despite Positive German ZEW Survey Data

The euro today fell against a much stronger US dollar amid a lack of any potent fundamental triggers to extend the single currency’s gains from yesterday. The EUR/USD currency pair fell despite the release of mixed German ZEW survey data in the early European session and kept dropping for the rest of the day.

Euro Falls Despite Upbeat Releases From Across the Euro Area

The euro today fell against the US dollar despite the release of mostly upbeat data from across the euro area in a move that could be attributed to profit-taking following yesterday’s bullish run. The EUR/USD currency pair today rallied to its daily highs in the early European session after the release of upbeat Q3 GDP data from Spain before heading lower later.

Euro Trades Sideways on Mixed US GDP and Upbeat German CPI

The euro today traded sideways against the US dollar following the release of mixed US GDP data in the early American session. The EUR/USD currency pair fell slightly on the upbeat US releases, but its decline lacked conviction following the release of upbeat German consumer data.

Euro Falls Against US Dollar on Mixed German Gfk and IFO Data

The euro today fell against its US peer following the release of mixed German IFO survey data early in the European session. The EUR/USD currency pair fell from its daily highs shortly after the announcements in a risk-off market environment weighed down by Brexit and trade worries.

Euro Drops as Draghi Defends His Legacy After ECB Rate Decision

The euro fell against the US dollar in the American session following a spike higher shortly after the announcement of the European Central Bank‘s rate decision. The EUR/USD currency pair rallied to its daily highs in the early European session on mixed IHS Markit flash PMI releases from the euro area but later fell.

Euro Rallies to New 2-Month Highs as Dollar Falls to 2-Month Lows

The euro today rallied to new 2-month highs as the US dollar extended its losses by falling to fresh 2-month lows amid a risk-on market environment. The EUR/USD currency pair rallied to its daily highs in the American session amid multiple speeches from Fed speakers.

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