The euro today struggled to rally against the US dollar as the World Economic Forum drags on in Davos, Switzerland. The EUR/USD currency pair today fell to new 2020 lows before recouping its losses as investors grappled with the emerging risk posed by the Coronavirus.
The euro today rallied higher against the US dollar driven by upbeat investor risk sentiment in anticipation of the US-China phase one trade deal signing later today. The EUR/USD currency pair’s rally was also spurred by investor expectations that the European Central Bank could turn hawkish in the medium-term after a strategic review.
The euro today fell against the US dollar driven by a lack of macro releases from across the euro area and the resurgent greenback. The EUR/USD currency pair later rallied from its daily lows despite the release of mostly in-line US inflation data in the American session.
The euro today rallied against the US dollar extending Friday’s gains as the greenback struggled to keep up with its global peers given the elevated market risk appetite. The EUR/USD currency pair rallied to new multi-month highs setting the single currency on track to finish the year strongly boosted by the positive US-China trade headlines.
The euro today fell against the US dollar amid thin holiday trading conditions ahead of tomorrow’s Christmas holiday celebrations. The EUR/USD currency pair’s performance was not influenced by any significant fundamental news but was primarily driven by investor sentiment.
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.
The New Zealand dollar climbed intraday as reports about a phase-one trade deal between the United States and China put markets into a risk-on mode. Currently, though, the kiwi has lost its gains versus most of its major rivals, trading either flat or slightly lower. The New Zealand currency managed to keep gains versus the Australian dollar but was unable at all to rise versus the euro and the Great Britain pound. […]
The euro today fell against the US dollar in the early European session despite the release of in-line German inflation data. The EUR/USD currency pair spiked to its daily highs after the European Central Bank announced its rate decision but quickly fell on hopes of a US-China trade deal.
The Japanese yen was flat against most of its major rivals amid conflicting reports about the probability of reaching a phase-one trade deal between the United States and China before the new US tariffs, scheduled to take effect on December 15, will kick in. Domestic macroeconomic data was relatively good but slightly worse than expected.
The euro today rallied to its daily highs in the early American session after news emerged that China and the US were keen on signing a phase one deal. The EUR/USD currency pair today rallied higher after the release of the minutes of the ECB Governing Council‘s October meeting in which the board called for unity among member countries.
