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EUR/USD Rallies Higher Despite Weak German IFO Survey Data

The EUR/USD currency pair today rallied higher despite the release of the disappointing German IFO business climate index early in the European session. The pair maintained its uptrend into the early North Americans session despite the release of positive US macro data.

Euro Declines on Mixed Eurozone Markit Flash PMI Releases

The euro today declined against the US dollar despite the release of mostly positive PMI data by Markit Economics from across the Eurozone. The single currency’s decline was largely fueled by the resurgent demand for the greenback as trade tensions between China and the USA calmed down.

Euro Rallies Higher Against a Weakening US Dollar, Later Declines

The euro today rallied against the US dollar during the European session after the release of the final Eurozone CPI data. The euro was on a downtrend against the greenback during the Asian session following the risk-on sentiment in the global markets, which later resumed in the early American session.

Euro Rallies Against US Dollar Despite Positive US Retail Sales Data

The euro today rallied higher against the US dollar despite the release of positive US advance retail sales data in the early American session. The single currency was on an uptrend against the greenback from the early European session following a resurgence in the selling pressure on the greenback.

Euro Declines Against US Dollar on ECB Minutes and US Jobless Data

The euro today dropped significantly against the US dollar after the European Central Bank released the minutes of its latest monetary policy meeting. The single currency’s decline started in the Asian session due to the imminent risk of an escalation in Syria involving the USA and Russia.

US Dollar Rallies Higher on Manufacturing PMI Releases

The US dollar today rallied against some of its main trading peers including the euro and the Canadian dollar. The greenback’s rally was triggered by the release of the IHS Markit US Manufacturing PMI for March, which was slightly lower than expected, but still tilted the scales in favor of the greenback.

Euro Declines on Dovish ECB Comments amid US Dollar Rebound

The euro today declined significantly against the US dollar following dovish comments from a member of the European Central Bank‘s Governing Council. The euro’s decline was further accelerated by the greenback’s recovery following a significant decline in Monday’s trading session.

Dollar Receives Support from Fed Policy Outlook & Economic Data

The US dollar gained against the basket of major currencies today (though fell versus the Japanese yen) amid speculations that the Federal Reserve is going to raise interest rates next week. Positive macroeconomic data also provided support to the US currency.

Euro Trades Lower on Mario Draghi’s Dovish Comments

The euro today dropped to new lows against the US dollar following the ECB President Mario Draghi‘s dovish comments during a speech in Frankfurt. Mixed releases from the Eurozone such as Germany’s Consumer Price Index for February could not reverse the euro’s decline.

US Dollar Extends Rebound Ahead of FOMC Minutes

The US dollar extended its bounce after last week’s sell-off, rising today against most of its major rivals, though not the Great Britain pound.

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