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Euro Rallies Higher on Upbeat Mood Despite Mixed Euro Area Data

The euro rallied against the dollar boosted by some positive releases from the euro area, while some negative macro reports limited the single currency’s gains. The EUR/USD currency pair also benefitted from the drop in US 10-year Treasury yields as investors wait for President Joe Biden’s infrastructure spending plans.

Euro Weak Before Week of ECB Decision

The euro was weak today, falling against the vast majority of its most-traded peers. US nonfarm payrolls did not have a lasting impact on the currency. While the euro sank sharply immediately after the release of US employment data, the shared 19-nation currency rebounded quickly just to resume the gradual decline it has been experiencing throughout the trading session.

Euro Falls Despite Upbeat Euro Area Inflation Reports and Flash PMIs

The euro fell against the dollar despite a slate of positive inflation reports from Germany and Italy as investors sold the single currency. The EUR/USD currency pair fell to its daily lows in the early European session and traded sideways for the rest of the day.

Euro Drops Against Dollar, Spikes Higher on Powell Speech, Later Falls

The euro fell against the resurgent US dollar ignoring in-line euro area releases, as US Treasury yields remained stable during the first half of today’s session. The EUR/USD currency pair spiked higher during Jerome Powell‘s speech but later fell despite the Fed chair reiterating the bank’s accommodative stance.

Euro Rallies Against Dollar on Upbeat German PPI, and Eurozone PMIs

Today, the euro rallied higher against the much weaker dollar, extending yesterday’s gains buoyed by the positive euro area PMI reports released by Markit Economics. The EUR/USD currency pair rallied higher as investor sentiment towards the single currency turned bullish, boosted by the region’s improved COVID-19 vaccine rollout.

Euro Firm, Unable to Beat Yen & Franc

The euro was firm today, rising against most of its major peers, but failed to gain on safe currencies, such as the Japanese yen and the Swiss franc. The euro’s strength was surprising as the market sentiment has been worsening, and the shared 19-nation currency is not known for being a safe option for investors.

Euro Falls on Sour Mood and Vaccine Concerns, Ignores Upbeat GDP

The euro fell against the much stronger dollar for the second consecutive day as the greenback rallied higher boosted by America’s positive growth prospects. The EUR/USD currency pair’s decline was also fueled by the upbeat investor sentiment favouring safe-haven assets that saw US Treasury yields rise.

Euro Rallies on ECB Rate Decision Despite Dovish Comments by Lagarde

The euro rallied against the dollar today buoyed by the elevated risk appetite that saw the greenback sidelined in favor of riskier assets such as the single currency. The EUR/USD currency pair hit its daily highs after the European Central Bank released that it was leaving interest rates unchanged as expected after today’s meeting.

Euro Edges Higher Against Dollar Reversing 3-Day Slump on Upbeat Mood

The euro today inched higher against the US dollar reversing a 3-day downtrend fueled by the positive investor sentiment but posted slight gains. The EUR/USD currency pair ended up trading largely sideways albeit with a bullish bias amid rising coronavirus cases as euro area countries extend lockdowns.

Euro Rises on COVID-19 Vaccine Hopes and Positive Risk Sentiment

The euro today inched higher against the dollar as investor risk appetite increased slightly on hopes that the US Congress will reach a stimulus deal soon. The EUR/USD currency pair’s rally was also boosted by news regarding the approval of Pfizer’s COVID-19 vaccine in the US and the fast-tracking of the same in Europe.

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