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Euro Falls Despite Upbeat German IFO and Eurozone CPI Data

The euro today fell against the US dollar in what could only be attributed to technical factors including major resistance levels posed by the 200-day MA. The EUR/USD currency pair kept falling despite the release of upbeat German IFO survey data and inflation data from the eurozone driven by a much stronger dollar.

Euro Struggles to Stay Above 1.10, Spikes Higher on Weak US Data

The euro today struggled to break and stay above 1.10 when trading against the US dollar given yesterday’s decline and subsequent sideways trading range. The EUR/USD currency pair reacted positively to Germany’s IFO data but struggled to break decisively above the level until the weak US consumer data triggered a spike above the level.

Euro Falls on Weak German IFO Data, Positive Trade Headlines

The euro today fell against the US dollar as investors bought the greenback in response to President Donald Trump‘s positive comments on US-China trade talks overnight. The EUR/USD extended its losses following the release of weak German IFO survey results in the early European session before trading sideways into the American session.

Euro Rallies From Multi-Year Lows as US Data Disappoints

The euro today rallied from multi-year lows in the American session after key US data disappointed and US Treasury yields dropped to multi-year lows. The EUR/USD currency pair had fallen to lows last seen in May 2017 following the release of multiple weak releases from Germany and the eurozone earlier today.

Euro Falls on Rising US-German Yield Spread and Weak German IFO

The euro today fell for the second straight session against the US dollar as the German business climate deteriorated more than expected. The EUR/USD currency pair’s decline was further accelerated by the risk-off market sentiment triggered by falling equity indices earlier today.

EUR/USD Pair Extends Range-Bound Action for Third Straight Session

The EUR/USD currency pair today extended its range-bound trading pattern for the third consecutive session as the pair reacted to mixed German data and news headlines. The currency pair’s performance was influenced by headlines regarding the US-China trade negotiations and Brexit developments, but investors remained undecided.

Euro Keeps Rising From 5-Week Lows Despite Mixed German IFO Data

The euro today rallied from 5-week lows hit yesterday following the ECB monetary policy decision and the balanced policy stance outlined by Mario Draghi. The EUR/USD currency pair’s rally started in the Asian session driven by a shift in investor sentiment and also as a pullback from yesterday’s crash.

Euro Gains Against US Dollar Despite Weak German IFO Data

The euro today rallied higher against the US dollar from the early European session largely driven by positive market sentiment as investors refrained from buying the greenback. The EUR/USD currency pair extended its rally despite the release of disappointing German IFO business climate index as markets remained dovish towards the US dollar ahead of tomorrow’s Fed interest rate decision.

Euro Rallies on Italian Budget Hopes, Declines on Weak German Data

The euro today rallied higher against the US dollar from the Asian session into the early European session on hopes that the Italian government would amend its budget plans. The EUR/USD currency pair later headed lower after the German IFO business survey data missed expectations and Mario Draghi‘s speech had no new insights.

Euro Rallies From Trading Range After ECB Decision, Later Declines

The euro today broke out of the range it was trading in for the earlier part of the session after the European Central Bank announced its monetary policy decision. The EUR/USD currency pair rallied higher after the ECB announcement where it maintained its current monetary policy direction as was expected.

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