Investor Sentiment — News Archive

    Archives

Euro Falls After 4-Day Rally Amid Rising European Coronavirus Cases

The euro today fell against the US dollar as traders took their profits following  4-day rally marked by steady gains driven by positive investor sentiment. The EUR/USD currency pair headed lower as the greenback rallied higher amid rising coronavirus cases and deaths in Spain and Italy.

Euro Rallies on US Stimulus Package Despite Weak German IFO Data

The euro today rallied higher against the US dollar driven by the markets higher risk appetite after the US Senate agreed on a multi-trillion stimulus package. The EUR/USD currency pair’s gains were also helped in part by the easing demand for the US dollar after the Federal Reserve provided swap lines for the currency.

Euro Rises Then Falls on Rising Coronavirus Cases and Equities Sell-Off

The euro today rallied against the US dollar earlier in the session before falling later during the American session as the global equities sell-off deepened. The EUR/USD currency pair headed lower as European stock markets closed in the red and American markets opened lower later in the day.

Euro Rallies as Coronavirus Fears in the US Push the Dollar Lower

The euro today rallied higher against the US dollar as authorities in California declared a state of emergency amid rising coronavirus cases. The EUR/USD currency pair benefitted from the risk-off investor sentiment and the greenback’s losses despite a mostly empty European docket.

Pound Rallies Despite Brexit Headlines, Falls on Powell’s Testimony

The Sterling pound today rallied higher against the US dollar extending a 3-day winning streak by riding on yesterday’s momentum created by the positive UK GDP figures. The GBP/USD currency pair later fell during the American session as the Fed Chair Jerome Powell testified before the Senate housing committee where he reiterated his hawkish stance.

Euro Falls on Coronavirus News and US-EU Economic Divergence

The euro today fell to new 2020 lows against the much stronger US amid a risk-off market environment dominated by headlines of new coronavirus infections. The EUR/USD currency pair’s decline was accelerated by Friday’s positive US non-farm payrolls report, which showed diverging performance between the two economies.

Euro Hits New 2020 Lows on Mixed German Data, Ahead of US NFP

The euro today fell to new 2020 lows against the US dollar in the early European session following the release fo mixed data from the German docket. The EUR/USD currency pair fell through significant support levels to hit a 4-month low driven by a risk-averse market environment ahead of the crucial US non-farm payrolls report.

Pound Crashes on Weak UK Retail Sales Report and US-Iran Tensions

The Sterling pound today crashed against the US dollar in the early London session following the release of the disappointing latest UK retail sales report. The GBP/USD currency pair had been trading higher before the release boosted by upbeat investor sentiment before nosediving to its daily lows after the announcement.

Euro Falls on Trade Headlines and US CPI Amid Empty European Dockets

The euro today fell against the US dollar driven by a lack of macro releases from across the euro area and the resurgent greenback. The EUR/USD currency pair later rallied from its daily lows despite the release of mostly in-line US inflation data in the American session.

Pound Falls Against the Dollar on US-Iran Tensions and Weak UK PMI

The Sterling pound today fell against the US dollar as tensions between the US and Iran escalated overnight and investors dumped riskier assets such as the pound. The GBP/USD currency pair has given up most of the gains made in December following Boris Johnson‘s landslide election win that saw the pair spike to multi-month highs.

Navigation

Menu