EUR/USD — News Archive

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US Dollar Flat As Inflation, Business Optimism Jump in June

The US dollar is trading flat against multiple G10 currency rivals on Tuesday, as the government reported that inflation accelerated last month. The greenback has been struggling as of late due to greater confidence in the broader financial market. But with the four-month rally seemingly fading, can the buck take advantage and regain its momentum? It all depends on the coronavirus pandemic.

Euro Rallies on New of Potential COVID-19 Cure, Positive Sentiment

The euro today rallied higher against the US dollar on news of a possible cure for the novel coronavirus, which saw investors bid up riskier assets such as the single currency. The EUR/USD currency pair was also boosted by investor optimism regarding the outcome of the ongoing recovery talks between finance ministers from the European Union‘s member countries.

Euro Crashes on Risk-Off Sentiment, Recoups Losses on Better Mood

The euro today fell against the US dollar during the Asian session, driven by the risk-off market sentiment that saw most Asian equity markets selloff. The EUR/USD currency pair recovered some of its losses during the European session despite the mixed releases from across the euro area.

US Dollar Stalls As Economy Creates 4.8 Million Jobs in June, Factory Orders Surge

The US dollar is stalling against many of its G10 currency rivals on Thursday after a strong and better-than-expected June jobs report. The stellar labor reading sparked a rally in the stock market, raising the risk tolerance of traders in equities. After the last couple of weeks of investors being spooked by a resurgence in coronavirus cases, the millions of new jobs suspended these fears for now.

Euro Falls on Upbeat Euro Area PMIs, Rallies on Upbeat US PMI Data

The euro today fell against the US dollar despite upbeat releases from German combined with positive euro area PMI data released by Markit Economics. The EUR/USD currency pair rallied higher after the release of upbeat US PMI data, which was surprising given that the print beat analysts expectations by a wide margin.

Euro Rallies Against on Positive Sentiment and Releases, Later Falls

The euro today rallied against the US dollar during the first half of today’s session before turning lower later and giving up most of its gains to trade flat for the day. The EUR/USD currency pair’s behaviour was primarily influenced by the investor risk appetite of lack thereof as well as the mixed releases from across the euro area.

US Dollar Lackluster As COVID-19 Optimism, Strong Housing Data Weaken Safe-Haven Appeal

The US dollar is failing to muster up any momentum to kick off the trading week after experiencing a brief resurgence in recent sessions. The greenback is being weighed down by optimism that the latest surge in coronavirus cases could be easing and strengthening real estate data.

Euro Falls on Weak Sentiment Amid Rising US Coronavirus Cases

The euro today fell against the US dollar driven by investor fears about the rising coronavirus cases across the US triggering a selloff of riskier assets such as the euro. The EUR/USD currency pair’s decline was further fueled by rising trade tensions between the EU and the US after Donald Trump threatened to impose sanctions on European exports.

US Dollar Flat As Jobless Claims, Q1 GDP Push Investors to Seek Shelter

The US dollar is seesawing against many of its G10 currency counterparts on Thursday after the US government reported a worse-than-expected jobs report. Financial markets are also combing through the latest gross domestic product (GDP) figures for the first quarter. The latest developments could potentially force traders back into the greenback after two months of returning to stocks.

Euro Advances on Upbeat Markit Flash PMIs and Positive Sentiment

The euro today rallied higher against the US dollar boosted by the improved investor risk appetite, which saw investors pile into riskier assets. The EUR/USD currency pair’s rally was also fueled by the positive PMI prints released by Markit Economics.

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