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Euro Falls Against US Dollar, Later Recovers to Trade Sideways

The euro today fell against the dollar before recovering to trade sideways boosted by upbeat data from across the euro area and positive market sentiment. The EUR/USD currency pair today fell to its daily lows after the release of upbeat US consumer sentiment data but recovered quickly as investor risk appetite remained elevated.

Euro Rallies Against the Dollar on Upbeat Euro Area Macro Prints

The euro today rallied higher against the US dollar capitalising on the greenback’s overall weakness since yesterday’s speech by the Fed Chair. The EUR/USD currency pair also benefitted from the upbeat macro releases from across the euro area, which lent support to the single currency today.

Canadian Dollar Surges Against US Peer, Later falls on GDP Data

The Canadian dollar today surged against its US peer as the latter eas reeling from yesterday’s speech by the Fed Chair Jerome Powell, which unveiled a new inflation policy. The USD/CAD currency pair today fell for the fourth consecutive session to lows last seen in January as the greenback remained under intense selling pressure.

Euro Rallies Against the Dollar on In-Line Eurozone Q2 GDP Data

The euro today edged higher against the dollar after an initial slump as investors remained concerned about the political stalemate in the US regarding further stimulus. The EUR/USD currency pair rallied higher as the greenback headed lower and investor sentiment shifted in favour of the riskier single currency, but gains were limited.

Euro Trades Near 4-Month Highs As EU Leaders’ Summit Kicks Off

The euro today rallied higher against the US dollar to trade near the 4-month highs recorded on Wednesday buoyed by positive investor sentiment and the greenback’s weakness. The EUR/USD currency pair’s rally was further fueled by optimism about the ongoing EU leaders summit, where many hope they’ll agree on the €750 billion stimulus package.

Euro Spikes Then Falls Against Dollar on Day Full of Macro Releases

The euro today rallied to new daily highs against the US dollar after the release of weak US data, but the single currency later gave up its gains. The EUR/USD currency pair fell after the release of upbeat US consumer sentiment data, which surprised investors causing the pair to sell-off.

US Dollar Rallies As Market Turmoil Spurs Safe-Haven Demand

The US dollar is rallying against several major currency rivals at the end of the trading week, driven by the financial market turmoil that has spurred safe-haven demand for the greenback. While the global coronavirus outbreak has dominated the business headlines, positive economic data is adding to the buck’s gains on Friday.

US Dollar Slips on Mixed Data, Coronavirus Uncertainty

The US dollar is falling against multiple currency competitors to finish the trading week. The greenback could not find a concrete direction on Friday as the key economic reports were mixed. There is still a great deal of uncertainty in global financial markets surrounding the coronavirus, which was recently named Covid-19 by the World Health Organization (WHO). Despite the hiccup at the end of the trading week, the US dollar is still having an incredible start […]

Euro Rallies Against the Dollar Ignores Weak Eurozone GDP Data

The euro today rallied to new weekly highs against the US dollar despite multiple disappointing macro reports from across the euro area. The weak dollar primarily drove the EUR/USD currency pair’s rally as US Treasury yields fell dragging the greenback lower.

Canadian Dollar Falls on Weak Jobs Data, Ignores Saudi Aramco IPO

The Canadian dollar today fell against its US peer following the release of disappointing jobs data, which missed expectations by a considerable margin. The loonie erased all of the gains made against the greenback earlier this week amid the highly anticipated Saudi Aramco IPO.

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