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Euro Rallies Higher As ECB Considers Ending Its QE Program

The euro today rallied higher against the US dollar after it was confirmed that the European Central Bank was considering ending its massive quantitative easing program. The news confirmed a report that was circulating on Tuesday about the possibility of such action by the ECB.

Euro Declines on Mixed Eurozone Markit Flash PMI Releases

The euro today declined against the US dollar despite the release of mostly positive PMI data by Markit Economics from across the Eurozone. The single currency’s decline was largely fueled by the resurgent demand for the greenback as trade tensions between China and the USA calmed down.

Euro Rallies Against US Dollar on Weak US Employment Data

The euro today rallied against the US dollar following the release of disappointing US non-farm payrolls report for March. Earlier Markit Economics PMI releases covering the European docket had triggered the euro’s initial uptrend following a major decline during the Asian session.

Euro Declines Against US Dollar on Mixed Eurozone Data

The euro today declined against the US dollar following the release of weak Markit services PMIs from across the Eurozone in the early European session. The release of weak US data early in the American session could not reverse the euro’s slide against the greenback.

Euro Rallies to 3-Year Highs Against US Dollar on Mixed Eurozone PMIs

The euro today rallied to 3-year highs against the US dollar after the release of upbeat flash PMIs from different Eurozone countries by Markit Economics. The manufacturing activity across the Eurozone slowed down in January as measured by the PMI, while the composite and services PMIs registered new all-time highs.

EUR/USD Makes Subdued Recovery on Positive Eurozone PMIs

The EUR/USD currency pair today made a subdued recovery during the early European session after the release of positive Eurozone PMI data. The final December PMIs released by Markit Economics were the main trigger behind the currency pair’s soft rally.

EUR/USD Rallies to 4-Month Highs on First Trading Day of 2018

The EUR/USD currency pair today rallied to new 4-month highs as the positive investor sentiment towards the single currency was carried over from 2017. The euro’s rally was also boosted by the in-line Eurozone PMI data released by Markit Economics early in the European session.

Canadian Dollar Weakens Against US Dollar on CPI and Retail Sales Data

The Canadian dollar today weakened against the US dollar after the release of weak Canadian CPI and retail sales data by Statistics Canada. Other releases from the US docket such as the Markit US Manufacturing PMI also served to boost the US dollar against its Canadian counterpart.

EUR/USD Trades Sideways on North Korean and Eurozone News

The EUR/USD currency pair today rallied higher after North Korea declared that it will continue its self defense measures in retaliation to the USA. The pair recovered from a brief decline that had been triggered by the release of disappointing Markit Eurozone services PMI early in the European session.

British Pound Weakens Against US Dollar on Brexit Uncertainties

The British pound today weakened against the US dollar as it reacted to uncertainties related to the UK government’s stance on the Brexit negotiations. The pound was weakened further by a rally in the euro, which was triggered by positive Eurozone PMI data, and market expectations of a QE tapering announcement by the European Central Bank.

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