EUR/USD — News Archive

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Dollar Soft amid Continuing Uncertainty About US Tax Reform

The US dollar was soft during the past trading week, falling against its major rivals, as markets continued to watch the developments in the US tax reform story.

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.

US Dollar Erases Earlier Losses Against Euro Despite Weak Consumer Spending

The US dollar erased earlier losses against the euro on Wednesday, even as lower than expected data for consumer spending on core retail items weighed on the US currency. The greenback received additional pressure from a big drop in manufacturing activity in New York.

US Dollar Declines Against Major Peers Despite Upbeat Inflation Data

The US dollar fell against a basket of its major peers on Tuesday, despite an economic report that showed stronger inflation than expected last month. The greenback further weakened against the euro as the German economy displayed solid growth in the third quarter of 2017, which supported the shared currency.

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.

US Dollar Posts Limited Gains as Week Starts

The US dollar was trading marginally higher against its major peers on Monday, though it logged more substantial gains versus the vulnerable Great Britain pound and was almost flat versus the euro.

Dollar Ends Uneventful Week Soft

The US dollar ended the uneventful week somewhat soft, falling against its major rivals. With absence of major economic releases, markets focused on the US tax bills.

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.

US Dollar Declines Against British Pound as Concerns About Tax Reform Grow

The US dollar dropped against the British Pound on Friday as the US Senate decided to delay a key part of the Republican tax reform for one year. The delay widely disappointed investors’ hopes for a swift release of a list of tax cuts that would have provided a boost for the economy.

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.

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