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Euro Recovers From Yesterday’s Flash Crash Ahead of US Data

The euro today was on a recovery path following yesterday’s “flash crash” that was triggered by Apple’s profit warning based on the economic slowdown in China. The EUR/USD was also under pressure due to the decline in German bond yields and the placing into administration of an Italian bank by the ECB.

Euro Rallies After Fed’s Statement, EU-Italy Budget Deal, Economic Data

The euro was very strong today against the majority of most-traded currencies with the exception of the extremely strong Japanese yen. The budget deal between Italy and the European Union, the dovish policy statement of the Federal Reserve, and positive macroeconomic data in the eurozone — all those factors contributed to the rally of the shared 19-nation currency.

Euro Falls on Weak German GDP Growth as Italian Crisis Persists

The euro today fell significantly against the US dollar following the release of weak German GDP growth data in the early European session. The single currency’s decline was further accelerated by the risk-off market sentiment as investors waited for the resolution of the ongoing Italian budget crisis.

Euro Rallies Higher on Positive Sentiment Amid Italy’s Defiance

The euro today rallied higher against the US dollar driven by positive market sentiment backed by investors’ expectations of a future US-China trade deal. However, the single currency’s rally was significantly hampered by the ongoing standoff between the EU and Italy regarding its 2019 budget plans.

Euro Soft on Continuing Clash Over Italy’s Budget, Fed’s Hawkish Stance

The euro traded lower against most of its major rivals today, though managed to gain on the Great Britain pound, which itself was very soft. The shared 19-nation currency was heading to end week either flat, losing earlier gains, or lower versus its most-traded peers.

Euro Heads Lower After Turbulent Week, Recovers on US GDP Data

The euro today broke out of a consolidative phase against the US dollar in the early European session as concerns regarding Italy and the global equity markets selloff weighed on the single currency. The EUR/USD currency pair later found a floor just before the release of the latest US GDP growth data in the early American session and rallied slightly on the news.

Euro Drops to 2-Month Lows on Weak PMI Data Amid Italian Politics

The euro today tumbled to new lows against the US dollar due to the current impasse between the European Union and Italy regarding the country’s 2019 budget. The euro was further weighed down by the disappointing PMI data from across the euro area released by Markit Economics earlier today, which indicated an economic slowdown in the region.

Euro Rallies Slightly Amid Stock Market Sell Off and Italian Politics

The euro today rallied slightly against the US dollar despite the lack of any major data releases from the eurozone and the simmering Italian budget drama. The EUR/USD currency pair’s rally is most likely due to a technical pullback given yesterday’s massive decline and the risk-off market sentient that still exists.

Euro Weak as Clash Between Italy & EU Continues

The euro was weak against most of its major currencies today due to the clash between Italy and the European Union over Italy’s budget deficit target. The shared 19-nation currency managed to gain on the Great Britain pound, which was also extremely weak due to Brexit concerns.

US Dollar Mostly Weak but Gains on Safe Currencies

The US dollar was generally weak today as risk appetite made investors seek riskier currencies with higher yield. For the same reason the greenback gained on safe currencies, like the Japanese yen and the Swiss franc.

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