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Euro Rallies on Upbeat Sentiment, Positive Euro Area PMIs and Weak Dollar

The euro rallied higher, boosted by the positive manufacturing PMI prints from across the euro area released by Markit Economics in the early European session. The EUR/USD currency pair also benefitted from the dollar’s overall weakness driven by falling US 10-year Treasury yields and the upbeat investor risk appetite.

Euro Rallies Higher on Upbeat Mood Despite Mixed Euro Area Data

The euro rallied against the dollar boosted by some positive releases from the euro area, while some negative macro reports limited the single currency’s gains. The EUR/USD currency pair also benefitted from the drop in US 10-year Treasury yields as investors wait for President Joe Biden’s infrastructure spending plans.

Euro Falls to New 2021 Lows Against Dollar as US Treasury Yields Soar

The euro fell to new 2021 lows against the dollar despite the release of upbeat macro reports from across the euro area as investor sentiment remained bearish. The EUR/USD currency pair’s decline was fueled by the dollar’s overall strength buoyed by the rising real US 10-year Treasury yields that lifted the world’s reserve currency.

Euro Falls Despite Upbeat Euro Area Macros as Dollar Surges on Stimulus

The euro fell against the dollar fueled by the negative investor sentiment following dovish comments from an ECB policymaker regarding rising European yields. The EUR/USD currency pair’s rally was further driven by the surge in US Treasury yields as bonds sold off following the signing of the $1.9 trillion US stimulus bill.

Euro Rallies Against Dollar on Falling Treasury Yields, German Trade Data

The euro edged higher against the dollar, reversing a four-day losing streak boosted by the positive investor sentiment and falling US Treasury yields. The EUR/USD currency pair rallied higher, fueled by the positive German trade data combined with the dollar’s overall weakness, adding to the pair’s gains.

Euro Hits New 2021 Lows Against Dollar Despite Surge in Global Equities

The euro fell to new yearly lows against the much stronger US dollar as the US Senate passed President Joe Biden’s stimulus bill with minor changes. The weak investor sentiment further fueled the EUR/USD currency pair’s decline as investors remained cautious, expecting the ECB to intervene in the markets.

Euro Rallies Despite Weak German Retail Sales, Buoyed by Dovish Fed Speeches

The euro initially fell against the dollar on weak investor sentiment combined with disappointing retail data from Germany but later recovered and rallied higher. The EUR/USD currency pair rallied higher despite dovish comments from European Central Bank policymakers who dislike the rising euro area bond yields.

Euro Falls Despite Upbeat Euro Area Inflation Reports and Flash PMIs

The euro fell against the dollar despite a slate of positive inflation reports from Germany and Italy as investors sold the single currency. The EUR/USD currency pair fell to its daily lows in the early European session and traded sideways for the rest of the day.

Euro Edges Higher on German GDP, Later Falls on Soaring US Yields

The euro initially edged higher against the dollar, boosted by investor sentiment and positive data from Germany, before reversing and heading lower later in the session. The EUR/USD fell as US Treasury yields soared, lifting the dollar despite the Fed chair Jerome Powell’s dovish stance on the central bank’s monetary policies.

Swiss Franc Weak Due to Risk Appetite, Domestic Data

The Swiss franc fell today as continuously rising yields and risk appetite made investors less interested in currencies considered to be safe. The Swissie lost even to the Japanese yen — another currency considered to be a safe haven. Switzerland’s macroeconomic data was poor, adding to pressure on the Swiss currency.

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