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Euro Rallies on German Retail Sales and Euro Area PMIs, Later Falls

The euro today rallied higher against the US dollar in the early European session following the release of upbeat German retail sales data and euro area PMIs. The EUR/USD currency pair later fell as the greenback rallied amid rising US-Iran tensions and the release of upbeat US PMI data by Markit Economics.

Euro Slightly Higher After Positive Eurozone Reports, Loses Gains Later

The euro was trading slightly higher against most other major currencies today, though against some of them it was flat. Macroeconomic reports released in the eurozone today were good, but traders focused their attention on the events that will be happening later this week. Among them will be a monetary policy meeting of the European Central Bank. Currently though, the euro trimmed its gains, losing […]

Euro Falls on Weak German Factory Data, Rallies Despite Trade Fears

The euro today fell against the US dollar following the release of disappointing German factory orders data in the early European session. The EUR/USD currency pair later rallied as the US dollar fell on fears that the Fed would announce more aggressive easing methods at its next meeting.

Euro Rallies on Positive Data, Remains Vulnerable Ahead of ECB

The euro rallied against most major currencies today. Some analysts attributed the rally to reports that Germany plans to stimulate its economies. Others pointed at today’s positive data as the main catalysts of the euro’s advance. The rally may be short-lived, though, as most market participants are not bullish on the euro ahead of this week’s European Central Bank monetary policy meeting.

Euro Firm After Slump of Eurozone Investor Confidence

The euro was relatively firm today following the release of unexpectedly poor eurozone investor confidence print. While the shared 19-nation currency fell versus some of stronger rivals, like the Great Britain pound, it managed to gain on many other most-traded counterparts.

Euro Range-Bound Despite the Release of Upbeat Eurozone Data

The euro today traded in a tight range against the US dollar despite the release of upbeat services PMI data from across the euro area by IHS Markit. The EUR/USD currency pair was weighed down by the risk-off market sentiment triggered by President Donald Trump‘s threat of additional tariffs on Chinese imports over the weekend.

Euro Rallies to New Monthly Highs Amid Stable Market Environment

The euro today rallied to new April highs against the US dollar driven largely by positive investor sentiment amid a calm market environment. The EUR/USD currency pair today rallied higher boosted by the selling pressure around the greenback and the shrinking yield spread between US and German bonds.

Euro Mixed After Poor Macroeconomic Reports

The euro was trading mixed today, falling against some majors, including the US dollar and the Great Britain pound, but rising versus safe haven currencies. Macroeconomic data in the eurozone was mostly poor and put downward pressure on the currency.

Euro Declines on Italy’s Defiance to the EU Amid Trade War Fears

The euro today fell to new 6-week lows against the US dollar as investors remained concerned about Italy’s defiance towards the EU’s budget demands. The risk-off sentiment in the market further contributed to the EUR/USD currency pair’s decline as trade war fears dominated the markets on a data-light Monday.

Euro Weakens Against a Strong US Dollar on Global Trade Concerns

The euro today weakened against the US dollar as trade tensions between the US and China boosted the greenback. The EUR/USD currency pair was further dragged lower by the positive investor sentiment towards the greenback following the mixed non-farm payroll data released on Friday.

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