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Euro Hits 8-Week Highs on Investor Optimism, Later Falls Then Rallies

The euro today rallied to new 8-week highs against the US dollar as the bullish sentiment carried over from yesterday’s rally before reversing course and heading lower. The EUR/USD currency pair later fell amid fears of an escalation in US-China trade tensions that could trigger a new trade war before reversing course and heading higher.

Euro Rallies Then Falls Against the Dollar at Critical Support Level

The euro today rallied to new daily highs against the US dollar early in the European session driven by positive investor sentiment before giving up its gains later. The EUR/USD fell back at a critical resistance level as sellers stepped in, and the greenback staged a comeback clawing back its losses.

Euro Sidelined by Coronavirus Despite In-Line German Inflation Data

The euro today traded with a negative bias against the US dollar extending its losing streak for the fourth straight session as the risk-off sentiment dominated markets. The EUR/USD currency pair’s performance was also negatively affected by the rising coronavirus cases globally, which has seen investors buy the safe-haven greenback.

Euro Hits 3-Month High as Dollar Crumbles on Coronavirus Fears

The euro today to new highs as the dollar crumbled in the face of mounting coronavirus fears amid and falling US Treasury yields dampened demand for the greenback. The EUR/USD currency pair today rallied above the crucial 1.10 level as investors flocked to the single currency boosted by positive euro area fundamental releases.

Euro Falls as US Dollar Rallies on Positive Sino-US Trade Headlines

The euro today fell against the US dollar erasing most of yesterday’s gains, which were driven by the Conservative Party‘s landslide win in the UK elections. The EUR/USD currency pair today traded sideways before plunging lower in the early American session as the greenback rallied higher boosted by positive trade headlines.

Euro Falls on Weak German Inflation Data and Investor Sentiment

The euro today rallied briefly against the US dollar in the early European session before giving up its gains as the greenback recovered to post gains. The EUR/USD currency pair traded near its monthly lows as the pair seemed set to close the month with significant losses as compared to the gains recorded in October.

Euro Falls Despite Upbeat Releases From Across the Euro Area

The euro today fell against the US dollar despite the release of mostly upbeat data from across the euro area in a move that could be attributed to profit-taking following yesterday’s bullish run. The EUR/USD currency pair today rallied to its daily highs in the early European session after the release of upbeat Q3 GDP data from Spain before heading lower later.

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