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Euro Spikes Then Crashes as ECB Cuts Deposit Rate by 0.10%

The euro today spiked higher after the European Central Bank cut its deposit rate by 0.10% as expected before quickly reversing direction and crashing to new weekly lows. The EUR/USD currency pair had attempted to rally higher after the release of Germany’s consumer price index data earlier today given that the print met expectations.

Euro Recovers as US NFP Report Misses by a Wide Margin

The euro today rallied from its daily lows after the release of the disappointing US non-farm payrolls report in the early American session. The EUR/USD currency pair had been under intense selling pressure following the release of weak German industrial production data earlier today.

Euro Crashes From Daily Highs on Upbeat US ISM Services PMI

The euro today crashed from its daily highs in the American session following the release of the upbeat US ISM non-manufacturing PMI among other positive US releases. The EUR/USD currency pair had rallied to its daily highs in the early European session driven by the news that US-China trade talks are set to resume next month.

Switzerland’s Inflation Stable, Swiss Franc Rebounds

The Swiss franc fell at the start of Tuesday’s session but has trimmed its losses by now. Furthermore, the Swissie managed to gain on the euro and the Great Britain pound, currencies that were very weak today. The domestic inflation report was better than expected, but it does not seem that the currency’s rebound was tied to economic data specifically.

Swiss Franc Mixed, Domestic Macros Provide Support

The Swiss franc was somewhat mixed on Monday, rising against some currencies and falling versus others. Domestic macroeconomic data was helpful to the Swissie.

Euro Falls on Weak German Retail Sales, Later Crashes to 2-Year Lows

The euro today fell against the US dollar as the weak releases from across the euro area from previous days weighed on the single currency from the start of today’s session. The EUR/USD currency pair extended its losses following the release of weak German retail sales data amid positive US releases.

Swiss PPI Falls Less than Expected, Franc Soft

The Swiss franc was soft today even though the Producer Price Index fell last month less than was expected.

Euro Falls as Fears of a Recession in Germany Dominate Markets

The euro today attempted to rally against the US dollar but failed to make any significant gains as investors sold the single currency on disappointing German GDP data. The EUR/USD currency pair failed to break above the crucial 1.1200 level amid selling pressure as fears of a German recession drove investors to the safe-haven dollar.

Euro Falls on Risk-Off Sentiment and Upbeat US Inflation Data

The euro today fell to its daily lows against the US dollar in the Asian session as the greenback rebounded driven by the risk-off investor sentiment amid. The EUR/USD currency pair rallied from its intra-day lows in the early European session, but later gave up its gains and printed new daily lows in the American session.

Euro Rallies Higher Despite Italian Political Uncertainty

The euro today rallied higher into the early European session despite rumours that the Italian government would call for an early election on October 23rd. The EUR/USD currency pair fell after the release of weak German trade balance data for June, which shrunk more than expected.

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