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Euro Trades Lower on ECB Jawboning and Positive Eurozone Data

The euro today traded at new lows against the US dollar after members of European Central Bank issued warnings regarding the euro’s exchange rate. The single currency largely ignored the positive Eurozone inflation data released in the early European session.

Euro Trades Lower Against US Dollar Ahead of FOMC Minutes

The euro today traded lower against the US dollar amid a broad-based greenback recovery for most of today’s session. The single currency was largely unaffected by the positive German employment data released by the Federal Statistical Office.

Euro Declines Against US Dollar on Positive US Data

The euro today declined against the US dollar on the back of positive US macro data including the durable goods orders and the weak MBA mortgage applications data. The euro was weighed down by the political uncertainties in Germany even as Angela Merkel is expected to form a three-way coalition government.

Euro Weakens Against US Dollar After Release of US Data and Tax Plan

The euro today was largely weaker against the US dollar and the release of positive US MBA Mortgage applications data mid-European session drove the pair lower. Releases from the European docket including the Eurozone industrial production data and employment data could not boost the single currency.

USD/JPY Hits New 2-Week Low amid Strong Japanese Data and Mixed US Data

The USD/JPY currency pair today hit new 2-week lows as the US dollar grappled with increased selling pressure and low bond yields. The Japanese yen started gaining against the US dollar late in the Asian session, a trend which continued into the European and American sessions.

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