Mario Draghi — News Archive


Euro Falls on US Stimulus Hopes and Risk-Off Mood, Disregards PMIs

The euro fell against the dollar for the third straight session today despite the release of multiple upbeat PMI prints from the euro area by Markit Economics. The EUR/USD currency pair’s decline was also fueled by the upbeat US jobs data and hopes for a massive US stimulus package from the democrats.

Euro Falls Against US Dollar on Mixed German Gfk and IFO Data

The euro today fell against its US peer following the release of mixed German IFO survey data early in the European session. The EUR/USD currency pair fell from its daily highs shortly after the announcements in a risk-off market environment weighed down by Brexit and trade worries.

Euro Drops as Draghi Defends His Legacy After ECB Rate Decision

The euro fell against the US dollar in the American session following a spike higher shortly after the announcement of the European Central Bank‘s rate decision. The EUR/USD currency pair rallied to its daily highs in the early European session on mixed IHS Markit flash PMI releases from the euro area but later fell.

Euro Spikes Then Crashes as ECB Cuts Deposit Rate by 0.10%

The euro today spiked higher after the European Central Bank cut its deposit rate by 0.10% as expected before quickly reversing direction and crashing to new weekly lows. The EUR/USD currency pair had attempted to rally higher after the release of Germany’s consumer price index data earlier today given that the print met expectations.

Euro Falls on Negative Investor Sentiment Ahead of ECB Decision

The euro today fell drastically against the US dollar after having traded sideways for the past two sessions as investors anticipate a rate cut at tomorrow’s ECB meeting. The EUR/USD currency pair fell for the better part of today’s session even as the empty European docket meant that there were no fundamental releases to boost the single currency.

Euro Weakens As ECB Signals September Rate Cut, More QE

The euro fell to a two-year low against some of its major currency rivals on Thursday after the European Central Bank (ECB) left interest rates unchanged but prepared investors for additional easing in the fall. President Mario Draghi essentially maintained a sour outlook on the eurozone economy, suggesting that the ECB needs to maintain and deliver a “highly accommodative” policy even when Christine Lagarde becomes the new head.

Euro Rallies on ECB Rumors, Later Falls Against Strong US Dollar

The euro today rallied against the US dollar earlier in the session despite the release of mostly week eurozone data following rumors about a rate cut delay by the European Central Bank. The EUR/USD currency pair rose to its daily highs in the early European session before falling as the US dollar recovered amid a subdued market environment.

Euro Weakens on Manufacturing Contraction, Falling Consumer Confidence

The euro is tumbling against its major currency rivals at the end of the trading week, driven by disappointing manufacturing activity numbers for June and an underconfident consumer. The euro has been having a tough week, especially after President Donald Trump targeted the central bank for sending the euro lower by hinting at additional monetary stimulus to support the eurozone economy.

US Dollar Hurt by Philly Fed Manufacturing Index, Buoyed by Jobless Claims

The US dollar is trading downwards one day after the Federal Reserve left interest rates unchanged, but the central bank leaving the door open to a future rate cut should the data support a move might be driving down the dollar. The greenback declined more on the Philadelphia Federal Reserve Bank manufacturing survey, though its descent was capped by lower-than-expected jobless claims.

Euro Soft as Domestic Data Hurts

The euro was soft today. While the currency managed to gain on the US dollar thanks to the dovish Federal Reserve, unfavorable domestic macroeconomic data prevented the euro from rising against other most-traded rivals.