The euro today fell aggressively against the US dollar reversing most of yesterday’s gains after the New York Federal Reserve rushed to clarify dovish comments made by its President John Williams. The EUR/USD currency pair was also pressured by the weak German producer data released earlier today as well as the resurgent greenback.
The euro today fell from its daily highs against the US dollar as markets reacted to news that the European Central Bank was considering a different approach to meet its inflation target. The EUR/USD currency pair later recovered given that the greenback was also under significant selling pressure as markets continue to price in a Fed rate cut on July 31.
The euro today attempted to rally against the US dollar from the Asian session but encountered massive resistance despite the release of upbeat euro area inflation data. The EUR/USD currency pair could not muster enough momentum to mount a sustained rally as each attempt was quickly countered by a retracement as the bears stepped in.
The euro today rallied against the US dollar in the Asian session before falling during the European session after the release of weak German data. The EUR/USD currency pair later rallied in the American session following the release of mixed US factory data.
The euro today rallied higher in the Asian session as investors reacted to Jerome Powell‘s dovish comments during his testimony before Congress. The EUR/USD currency pair later fell from its daily highs in the American session following the release of upbeat US inflation data.
The euro today rallied to new daily highs breaking out of a 3-day losing streak as markets reacted to Jerome Powell’s dovish comments during his testimony before Congress. The EUR/USD currency pair performance today was largely driven by investor sentiment and US dollar dynamics due to the empty European dockets.
The euro today broke out of its 3-day consolidative range and fell drastically against the US dollar following the release of weak German factory data. The EUR/USD currency pair later extended its losses following the release of the upbeat US non-farm payrolls data in the early American session.
The euro today fell against the US dollar following the release of weak retail sales data for the euro area amid a subdued market environment. The EUR/USD currency pair traded in a tight range for most of today’s session as US markets remained closed for the Independence Day celebrations.
The euro today rallied higher following the release of mostly upbeat PMI reports from across the eurozone by Markit Economics in the early European session. The EUR/USD currency pair later fell in the early American session despite the disappointing US releases driven by subdued investor risk sentiment ahead of tomorrow’s US holiday.
The euro today rallied against the US dollar earlier in the session despite the release of mostly week eurozone data following rumors about a rate cut delay by the European Central Bank. The EUR/USD currency pair rose to its daily highs in the early European session before falling as the US dollar recovered amid a subdued market environment.
