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Euro Drops on Weak German Jobs Data, and Cautious ECB Report

The euro today fell against the US dollar driven by negative investor sentiment, weak German jobs data as well as the ECB’s cautious review. The EUR/USD currency pair today fell to new weekly lows in the American session as Sino-US trade tensions dominated the markets affecting investor risk sentiment.

Euro Declines Slightly Against US Dollar on Mario Draghi Comments

The euro today declined slightly against the US dollar after Mario Draghi, the European Central Bank President, made dovish comments in support of the bank’s quantitative easing program. Mario Draghi ignored comments made by Angela Merkel the German Chancellor earlier this week where she clearly stated that the ECB’s dovish policies were hurting the German economy.

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