EUR/USD — News Archive

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Euro Rallies Higher on Greece Bailout Deal and Upbeat Eurozone PMIs

The euro today rallied higher against the US dollar after finance ministers from across the Eurozone reached an agreement regarding Greece’s final bailout. The euro’s rally was further complemented by the release of positive PMI data from across the Eurozone by IHS Markit and in-line French GDP data.

Euro Trades Lower Against US Dollar on Jawboning by ECB Members

The euro today traded slightly lower against the US dollar following comments by some members of the European Central Bank‘s governing council. The dovish comments by Ewald Nowotny and Villeroy triggered a knee-jerk reaction by the EUR/USD currency pair, which headed lower.

Euro Declines on Escalating Trade Tensions and Draghi Speech

The euro today declined significantly against the US dollar even as trade tensions between the USA and China escalated increasing demand for the greenback. The EUR/USD currency pair declined further in the early European session following dovish comments by the European Central Bank President regarding the timing of the bank’s first interest rate hike.

Fed & ECB Meetings Boost US Dollar

The US dollar was strong for the most part of the week, boosted by policy meetings of the Federal Reserve and the European Central Bank, though the currency weakened somewhat on Friday.

Euro Rallies Slightly Higher on ECB Hint at Policy Normalization

The euro today rallied slightly higher after Ewald Nowotny, an ECB governing council member, stated that the bank should capitalize on the opportunity to normalize its policies soonest possible. The EUR/USD currency pair had a muted reaction to the release of the final Eurozone CPI data early in the European session despite the print being in line with expectations.

US Dollar Surges After FOMC & ECB Meetings

The US dollar gained sharply on other currencies today after the European Central Bank made a surprisingly dovish policy statement. Yesterday, the currency had a mixed reaction to the hawkish statement from the Federal Reserve, rallying initially but falling afterwards. Yet Fed hawkishness is a bullish factor in the long and may be responsible to some degree for the currency’s rally today.

Euro Sinks As ECB Says No Interest Rate Hikes in 2018

The euro dipped today following the European Central Bank policy meeting as the ECB signaled that it is not going to raise interest rates in 2018 — a message that markets did not like.

Euro Strong During Week, Softens by Weekend

The euro ended the trading week as the strongest major currency amid receding fears of turbulent European politics and speculations that the European Central Bank will discuss quantitative easing tapering next week. By the end of the week, though, the currency softened a bit.

Euro Soft After Bunch of Weak Economic Releases from Eurozone

The euro fell against its major rivals today after the release of worse-than-expected economic reports in Germany and France. Fears of trade wars were also hurting the currency. Currently, the euro has trimmed its losses but is still trading below the opening level.

Euro Rallies Higher Despite Weak German Factory Orders Data

The euro today rallied higher against the US dollar despite the release of weak German factory orders for April in the early European session. The euro’s rally was further boosted by the weak US dollar even as investors turned bullish on the single currency, and sold the greenback.

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