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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.

Euro Jumps as German Economic Sentiment Improves Sharply

The euro rallied today after the release of positive economic sentiment figures for Germany as well as the whole eurozone. But economists are worried that the eurozone economy is still extremely vulnerable and the improvement of the sentiment does not reflect the underline strength of the economic activity.

Euro Fails to Rally amid US-China Trade Spat, Macroeconomic Data Doesn’t Help

The euro attempted to rally today but reversed movement against most of its rivals later, erasing gains against some of them outright. Traders remained cautious about the ongoing US-China trade conflict, while mixed macroeconomic data was not helping the currency either.

Euro Weakens as US Dollar Recovers During the American Session

The euro today traded in a see-saw pattern against the US dollar marked by extreme rallies and declines to culminate in a sustained drop during the American session. The EUR/USD currency pair today fell as the US dollar rallied and investor sentiment shifted in favor of safe haven assets such as the greenback even as US equity markets edged higher.

Improving Economic Sentiment Fails to Boost Euro

The economic sentiment in Germany as well as in the whole eurozone improved significantly this month. But that failed to give a noticeable boost to the euro, which was moving in a range in the second half of the Tuesday’s session.

Euro Drops on Weak Data amid Investor Fears of New US Car Tariffs

The euro today was on a downtrend against the US dollar from the early Asian session as investors worried about the introduction of new car tariffs by the US. The pair spiked higher briefly in the early European session, but quickly gave up its gains following the release of weak macro data from across the eurozone.

Improving German Economic Sentiment Doesn’t Prevent Euro from Falling

The euro fell against most of its major rivals today even after the German economic sentiment improved unexpectedly. The losses were small for the most part, though.

Euro Fails to Profit from Improving Economic Sentiment

The euro fell against most of its major rivals today with the exception of the Great Britain pound. Positive macroeconomic data was unable to support the currency.

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