EUR/USD — News Archive

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EUR/USD Weakens as Uncertainty Looms over French Elections

The EUR/USD currency pair declined today following the uncertainty surrounding the French presidential election after the second election debate where Marine Le Pen gained against Emmanuel Macron. The pair also traded much lower after the release of the US ADP Employment Change report, which beat expectations and significantly boosted the greenback.

US Dollar Climbs Following Positive ADP Employment Data

The US dollar moved higher against most of its main counterparts on Wednesday, following fresh data today that showed private sector employment surged in March. Employers in the United States hired more workers than expected, which overshadowed the effect of a disappointing reading for an index that tracks business environment.

US Dollar Loses Earlier Gains Against Euro Ahead of Anticipated Economic Data

The US dollar lost earlier gains against the euro on Tuesday, ahead of a stream of economic releases occurring tomorrow that raised anticipation and reduced investors’ appetite for risk. The market also eyed the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping on Thursday, which might provide some hints on Trump’s international trade policies.

Dovish Stance of ECB Results in Week of Euro Sell-Off

Traders were selling the euro during the past trading week as the European Central Bank suggested that markets interpreted its stance on monetary policy wrongly, believing it to be more hawkish than it actually is.

US Dollar Steadies on Dovish Comments from Federal Reserve Official

The US dollar was little changed against the euro on Friday, as dovish comments from an official in the Federal Reserve prevented the greenback from moving higher. Economic data in the United States today lacked enough strength to support the US currency as it declined against the British pound and the Japanese yen.

US Dollar Rises Against Major Peers on Strong GDP Data

The US dollar rose against the euro and the Japanese yen, among other major peers on Thursday, after a report that said that gross domestic product in the United States grew more than expected. Disappointing data releases in the Eurozone weighed on the euro today, which gave way for the US dollar to score more gains.

EUR/USD Declines After the Release of Disappointing German CPI Data

The EUR/USD currency pair today declined after the release of disappointing German CPI data by the Federal Statistical Office amid dovish comments from the European Central Bank. The currency pair’s decline was also triggered by the positive US GDP data released today, which exceeded market expectations.

Euro Retreats as Outlook for ECB Monetary Policy Becomes More Dovish

The euro became weaker against the US dollar and the British pound on Wednesday, following a report that raised expectations of a more dovish stance from the European Central Bank.

US Dollar Rallies Following the Release of Positive Pending Home Sales Data

The US dollar today rallied against its main peers following the release of positive pending home sales data, which beat expectations. The US dollar rallied higher despite the poor performance of the bond market as US bond yields and the Dow Jones Industrial Average fell to record lows during today’s session.

US Dollar Climbs Against Main Peers on Solid Consumer Confidence Data

The US dollar climbed against a basket of its major peers on Tuesday, as focus shifted from the withdrawal of the Republican healthcare bill to strong economic data. An index of consumer confidence surged in March, which added to the effect of statements from Federal Reserve officials on Monday.

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