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Euro Rallies on Weak US ADP Employment Data and Positive Sentiment

The euro today rallied higher against the US dollar following the release of disappointing employment data from the USA in the early American session. The EUR/USD currency pair was trading sideways in the mid-European session following a brief decline during the Asian session largely driven by market sentiment.

Euro Weakens Against a Strong US Dollar on Global Trade Concerns

The euro today weakened against the US dollar as trade tensions between the US and China boosted the greenback. The EUR/USD currency pair was further dragged lower by the positive investor sentiment towards the greenback following the mixed non-farm payroll data released on Friday.

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.

Euro Trades Lower on Disappointing Releases From Across the Eurozone

The euro was on a downtrend today from the mid-Asian session to the mid-European session as the markets digested the mixed US non-farm payroll report from Friday. The euro’s decline was further accelerated by weak releases from across the Eurozone such as the disappointing German factory orders for March.

Euro Declines Against US Dollar on Mixed Eurozone Data

The euro today declined against the US dollar following the release of weak Markit services PMIs from across the Eurozone in the early European session. The release of weak US data early in the American session could not reverse the euro’s slide against the greenback.

Euro Rallies Against US Dollar on North Korea Progress

The euro today rallied higher against the US dollar as investors embraced the risk-on mood in the market after it emerged that  North Korea was considering possible denuclearization. The news emerged from talks between North Korea and its Southern counterpart, and its impact was significant enough to outweigh the effect of the Italian general election on the single currency.

EUR/USD Trades Lower Amid Resurgence in US Dollar Demand

The EUR/USD currency pair today traded lower following a resurgence in US dollar demand during the European and early American sessions. The currency pair rallied higher during the Asian session as investors bought the low-yielding euro after European stocks joined the global equities sell-off.

EUR/USD Slumps to New Lows on Mixed Eurozone and ADP Data

The EUR/USD currency pair today slumped to new lows from daily highs set in the late Asian session, despite a raft of positive data from the Eurozone. The release of upbeat German factory orders for the month of October in the early European session could not lift the single currency.

Euro Steadies at Lowest Level in 10 Days in Wake of Mixed Services Sector Data

The euro traded within a tight range against the US dollar on Monday, following a mixed picture that was painted by new readings for the services sector within major European economies. A lack of major economic releases in the United States today left traders anticipating additional information on the Republican tax reform plan, which kept the dollar little changed since Friday.

Euro Little Changed as Data Mixed, Traders Wait for NFP

The euro was little changed during the current trading session as economic data released in the eurozone was mixed. Besides, traders were cautious of adding positions ahead of US nonfarm payrolls due to release later today.

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