EUR/USD — News Archive

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Euro Extends Rally Even as ECB Tries to Downplay QE Tapering Expectations

The euro rallied today even as officials from the European Central Bank tried to downplay yesterday’s comments from Mario Draghi, which markets considered to be hawkish. The currency fell against the US dollar intraday, but the drop was short-lived. The euro was unable to beat the very strong Great Britain pound.

US Dollar Trades Within Tight Range Against Euro on Mixed Economic Releases

The US dollar edged slightly lower against the euro on Wednesday, as fresh economic data in the United States painted a mixed image of the economy a single day ahead of gross domestic product data. An index of the US dollar’s strength against a basket of major currencies posted a bigger loss today amid broader declines versus the British pound and the Canadian dollar.

US Dollar Plummets Against Euro to Lowest Level Since August Despite Positive Data

The US dollar plummeted against the euro to the lowest level since August 2016, despite a strong reading for consumer confidence that was published earlier today. Traders’ appetite for the greenback deteriorated in the wake of a speech by European Central Bank President Mario Draghi, which raised confidence in the euro zone’s economic recovery and supported the shared currency.

Euro Surges in Wake of Draghi Comments on Inflation and Growth Sustainability

The euro surged against the US dollar and the British pound following comments from European Central Bank President Mario Draghi earlier today. Draghi’s remarks reflected a bullish assessment of the recovery in the European Union and revealed confidence in the road ahead for the monetary policy of the region.

US Dollar Drops Against Euro as Disappointing Economic Release Kicks off Busy Data Week

The US dollar fell against the euro and the Canadian dollar on Monday, to begin a week busy with major economic releases on a negative note. The greenback weakened in the wake of a disappointing reading for the growth of durable goods orders today, which further signaled a loss of economic momentum that weighed on the US dollar in recent weeks.

US Dollar Flounders as PMI Readings Fall Short of Estimate

The US dollar tumbled against major rivals on Friday following the release of lackluster manufacturing activity data and weak new home sales. Traders’ appetite for the greenback was also affected by anticipation for speeches of Federal Reserve officials today and US inflation data next week.

Euro Stable After Release of European PMIs

The euro was stable today after the release of Purchasing Managers’ Indexes from Markit Economics.

Dollar Index Unchanged as Fundamentals Muddy

The US dollar was little changed today as US economic reports did not give the currency an edge and market participants were unsure whether the Federal Reserve will be able to carry on with its plan for three interest rate hikes in 2017.

EUR/USD Trades in a Tight Range Despite Positive Eurozone Economic Bulletin

The EUR/USD currency pair today traded in a tight range despite the positive economic report released by European Central Bank during the European session. The US dollar was also flat during today’s session as tracked by the US Dollar Index, which was trading below its opening price of 97.55 for most of the day’s session.

US Dollar Trades Within Tight Range Versus Euro Despite Strong Housing Data

The US dollar traded within a tight range against the euro on Wednesday following strong gains earlier this week that were stoked by an improved outlook for higher interest rates in the United States. The greenback edged slightly lower against the shared currency today to erase a gain that followed the release of solid existing home sales this afternoon.

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