ZEW Economic Expectations — News Archive

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Euro Rallies on Upbeat Sentiment, Positive Data, and Yellen Testimony

The euro today rallied higher against the dollar fueled by the risk-on investor sentiment and positive macro releases from various European dockets. Janet Yellen’s testimony further boosted the EUR/USD currency pair’s rally as the incoming US Treasury Secretary favours additional spending.

Euro Trades Sideways Against Dollar on Mixed Euro Area Releases

The euro today traded sideways against the dollar amid multiple rally attempts that were followed by pullbacks as the bulls and bears fought for control. The EUR/USD ended up trading flat driven by the mixed investor sentiment as both the dollar and euro tried to rally unsuccessfully.

Euro See-Saws Against Dollar on Weak German ZEW Survey Data

The euro today oscillated between gains and losses against the US dollar falling on weak eurozone macro releases and rising as the greenback fell. The EUR/USD currency pair appeared to lose its bullish momentum today and traded sideways following yesterday’s decline.

Euro Falls Against Dollar on Risk-Off Sentiment As Investors Flee

The euro today fell against the dollar driven by the risk-off market sentiment as investors fled the riskier assets in favour of fo safe-haven instruments such as the dollar. The EUR/USD currency pair fell over 80 pips as markets reacted to news that Johnson & Johnson was pausing its COVID-19 vaccine trial due to unexplained illnesses.

Euro Rallies on Upbeat Sentiment, Later Falls as Dollar Recovers

The euro today rallied higher against the US dollar buoyed by the positive investor sentiment and mostly in-line macro reports from across the euro area. The EUR/USD currency pair edged higher for the fifth consecutive session as the dollar remained on the back foot due to the looming November US Presidential elections.

Euro Falls as Money Flows Into Dollar Amid Mixed Euro Area Macro Data

The euro today fell against the US dollar as investors moved money from currencies to other assets such as stocks given that most European equities closed higher. The EUR/USD currency pair today fell as investors moved capital into the safe-haven dollar causing it to rally against most other currencies as investors reacted to the Fed’s latest moves.

Euro Falls to New Lows as Foreign Demand for US Dollars Skyrockets

The euro today fell against the much stronger US dollar amid a global rush for the world’s sole reserve currency as the world grapples with the coronavirus pandemic. The EUR/USD currency pair’s decline was further fueled by weak data from Germany and the euro area as European countries fight to contain rising coronavirus cases.

Euro Drops to Multi-Year Lows on Weak German ZEW Survey Data

The euro today fell against the US dollar during the European session following the release of weak German ZEW survey data early in the session. The EUR/USD currency pair traded at 34-month lows as the coronavirus headlines continue to dampen investor risk appetite.

Euro Falls Against US Dollar Despite Positive German ZEW Survey Data

The euro today fell against a much stronger US dollar amid a lack of any potent fundamental triggers to extend the single currency’s gains from yesterday. The EUR/USD currency pair fell despite the release of mixed German ZEW survey data in the early European session and kept dropping for the rest of the day.

Swiss Franc Mixed on Bearish Sentiment, Loose Monetary Policy

The Swiss franc is mixed midweek as the latest survey of investors suggested a bearish sentiment. But the poll of investors might change in the coming weeks as the central bank pledged a looser monetary policy, suggesting that it will continue to stimulate the economy and financial markets. Could this help the country counter the demand for the safe-haven currency in a time of global turmoil?

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