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EUR/USD Trades Sideways on ECB Speeches and Mixed US Data

The EUR/USD currency pair today traded sideways by rallying higher in the late Asian session and early European session before heading lower. The currency pair declined despite speeches from European Central Bank members, but later rallied higher on mixed US data.

Euro Drops Against US Dollar Despite German Coalition Deal

The euro today dropped significantly against the US dollar despite Angela Merkel‘s CDU party reaching a coalition deal with the social democrats in the early European session. The euro’s initial decline was largely triggered by weak German industrial production data released earlier today.

Euro Declines Against US Dollar on Positive US Inflation Data

The euro today posted a significant decline against the US dollar after the release of US inflation data as measured by the Personal Consumption Expenditures. The euro was on a downtrend against the greenback from the Asian session due to the positive investor sentiment towards the US dollar.

EUR/USD Trades Sideways in a Slow Start to the Week

The EUR/USD currency pair today traded sideways in a slow start to the week underpinned by an empty US docket due to the celebration of Columbus Day in the USA. Several releases from the European docket such as the German industrial production data boosted the currency pair for a while before the uptrend reversed later.

Euro Mixed, Prospects for QE Tapering Stay in Place

The euro was mixed today, rising versus the US dollar and the Japanese yen, but falling against the Great Britain pound and the Swiss franc. The currency continued to receive support from quantitative easing tapering expectations.

Euro Moves Lower as ECB Members Praise Rate Cuts

Euro is mostly lower again today, dropping against its United States and United Kingdom counterparts, thanks to recent comments from ECB members. With rate cuts being supported as a way to stimulate the economy, the expectation of more easing is weighing on the euro.

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