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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.

Euro Halts Drop to Rally Higher on Upbeat German IFO Data

The euro today halted its slide against against the US dollar following the release of the upbeat German IFO business survey data in the early European session. The EUR/USD currency pair was under intense selling pressure today as the greenback recovered from Friday’s selloff, which was triggered by the Fed Chair Jerome Powell‘s dovish speech.

German IFO Helps Euro in Forex Trading

Euro is mostly higher today, thanks in large part to the latest German IFO reading. Although nothing to be too excited about, the most recent data offers some hope for the embattled eurozone and shows continued optimism for what’s next — even with all of the downside risks emerging for the 19-nation currency region.

UK Pound Loses Ground After Confidence Report

After a good day yesterday, the UK pound is losing ground today. The latest consumer confidence report has been released and morale is down, brining the sterling down with it.

Euro Gets a Little Help From Stress Test Results

Euro is getting a little help today in Forex trading, thanks to the latest round of stress test results from banks. Things seem to be improving for banks, and that means that there are fewer fears regarding the eurozone. There is still a ways to go for the eurozone recovery, and for the 18-nation currency, but things are looking a little bit better.

Euro Continues to Fall, Reaching Three-Month Low Against Dollar

With each new piece of economic news that comes in, the euro struggles a little bit more. The 18-nation currency reached a three-month low against the US dollar, and continues to have difficulty against many of its other major counterparts.

Euro Easing Expectations Outweigh German Optimism

A higher Ifo boosted the euro earlier on the currency market, but the 18-nation currency has given back most of its gains and turned to losses now, thanks in large part to expectations of diverging monetary policy. Even though Germany is getting back on track, there are many who see further ECB easing as inevitable.

Euro Moves Higher Against the Dollar

Euro is paring some of its earlier losses, and even moving higher against the US dollar today, getting help from the latest German Ifo reading.

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