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Euro Sinks As ECB Says No Interest Rate Hikes in 2018

The euro dipped today following the European Central Bank policy meeting as the ECB signaled that it is not going to raise interest rates in 2018 — a message that markets did not like.

Euro Soft After Bunch of Weak Economic Releases from Eurozone

The euro fell against its major rivals today after the release of worse-than-expected economic reports in Germany and France. Fears of trade wars were also hurting the currency. Currently, the euro has trimmed its losses but is still trading below the opening level.

Surging US Treasury Yields Help Dollar End Week Strong

The US dollar was very strong during the past trading week, for the most part, thanks to surging US Treasury yields.

Euro Bounces with Help from Positive GDP Figures

The euro was down intraday during the Tuesday’s session but bounced later, getting support from positive GDP figure released from the eurozone. Not all European macroeconomic indicators were good, though.

Euro Lifted by Positive Data During Thursday’s Trading

The euro rallied today thanks to the very positive macroeconomic reports released during the current trading session. The accounts of the monetary policy meeting released by the European Central Bank had no material impact on the markets, though they contained some interesting information.

Euro Weak amid ECB Uncertainty

The euro fell against its most-traded rivals today, reversing gains versus the Great Britain pound that were registered earlier during the current trading session. The exception was the Swiss franc, against which against the euro rallied for the fifth straight day, though the gains were small and may yet turn to losses by the end of Thursday’s trading (update: EUR/CHF trades at the opening level currently).

Euro Fails to Profit from Positive PMI Readings

The euro failed to garner support from the very positive macroeconomic reports released today. The currency attempted to rally intraday, but failed to do so, and is now trading near or below the opening level against most of its rivals.

Euro Attempts to Bounce Despite Disappointing Economic Reports

The euro is trading below the opening level against most of its major rivals currently, but is showing tendency to rebound and was actually able to erase losses versus the US dollar completely. The bounce seems to follow the release of eurozone macroeconomic data, but that in no way looks justified as the indicators were disappointing for the most part.

Euro Backs Off After Opening Sharply Higher

The euro has backed off from its daily highs by now but only after opening sharply higher following the landslide victory of centrist Emmanuel Macron in the second round of the French Presidential election.

EUR/USD Rallies Briefly, Later Retraces Gains as Uncertainty Plagues the Eurozone

The EUR/USD currency pair rallied briefly during the early European session despite the announcement by former French premier, Alain Juppe, that he won’t run for president. The currency pair’s rally was also supported by the weaker US dollar, but the greenback later rallied higher.

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