Posts Tagged ‘EUR/USD’

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EUR Pares Some Losses

US dollar bulls are decreasing long bets. So, the European currencies are taking advantage of a downward correction of the US dollar. The EUR/USD pair has rebounded by over 60 pips as a correction. The most popular currency pair is trading at near 1.1370. The euro recovered from its weakest level in more than a year after the news that Qatar intends to invest $15 billion in the Turkish economy. This is the main […]

UK Inflation Data Makes no Difference

The investor sentiment has barely changed and traders continue to buy the US dollar. The most popular currency pair is approaching the level of 1.13, coming closer to the yearly high. Today, the Eurozone will not release any key economic reports, so the single European currency is trading lower against the greenback. The more so, market participants pay little attention to macroeconomic statistics. They prefer to buy safe haven assets […]

EUR and GBP Likely to Trade Lower for Long

In the European session, the US dollar is still trading at a 13-month high against the basket of major currencies. The EUR/USD pair is consolidating at around 1.14. Traders are in no hurry to buy the single European currency even despite upbeat macroeconomic data from the Eurozone. According to the preliminary data from Eurostat, the Eurozone''s GDP eased less than estimated to 2.2% in the second quarter on a yearly basis from 2.5% growth a quarter ago. […]

Turkish Lira Pulls Euro Down

The European session started with a sell off of the euro. Investors remain deeply concerned about a risk of a crash of the Turkish financial system. The EUR/USD pair was trading at 1.1380. Market participants fear that the recent plunge in the Turkish currency may have an adverse impact on major European banks. The ECB officials say that this uncertainty can influence financial institutions in Spain, France, and Italy. Amid that, traders prefer to buy […]

USD Remains Strong Despite Downbeat Inflation Report

On Friday, the greenback resumed the bullish trend at the start of the American session. Macroeconomic statistics from the United States provided support to the greenback. The US dollar index broke the level of 96.00 and hit fresh highs. Thus, the official data showed that annual inflation rate came in at 2.9%, which matched the previous reading. On a monthly basis, the price growth accelerated to 0.2% from 0.1% in June. The core inflation excluding the cost of food and energy sped […]

Pound and Euro Dive to Fresh Low Along with Turkish Lira

Today, the United Kingdom released rather strong economic data. Nevertheless, the GBP/USD pair has barely changed and stayed at low levels. The flash estimates showed that in the second quarter the British economy expanded at a faster annual pace of 1.3%. On a quarterly basis, the UK''s GDP grew by 0.4%. This result came in line with the expectations of analysts. At the same time, the monthly pace of growth did not meet the forecast. In June, the GDP volume […]

Low Demand for Greenback During European Trading Session

During the European session, the recovery of the US dollar has been suspended. Safe assets are also in demand. So, for example, the Swiss franc today has prevented an upward rally in the US currency. The USD/CHF pair is trading near the level of 0.9930. Today, Switzerland revealed its unemployment data, which signaled the stability of the labor market. In July, the unemployment rate remained at the same level of 2.4%. Meanwhile, the seasonally adjusted jobless rate […]

Investors Lose Interest in European Trading Assets

Today, during the European trading session, the EUR/USD pair consolidated. The most popular currency pair was trading sideways near the level of 1.16. Experts say that the single European currency strengthened in the previous trading sessions on the back of the weaker US dollar. Though the eurozone will not release any important economic news today, analysts expect the most popular currency pair to extend gains. Another trading instrument, the GBP/USD pair […]

European Trading Assets Resist USD

On Monday, the single European currency ended the trading session in the red zone, but today, traders are actively buying the most popular currency pair. The EUR/USD pair is approaching the level of 1.16. Currency strategists say that the US dollar weakened due to a lack of fresh macroeconomic data. However, later in the day the pair may change direction after the report from the US Bureau of Labor Statistics is published. Meanwhile, traders […]

USD Extends Gains in Premarket Trading

On Monday, the US dollar resumed a rally in premarket trading. Thus, by the start of the American trading session, the US dollar index rose above the level of 95.40. During the European session, the greenback was trading higher against the euro. At the opening of the US session, the most popular currency pair was hovering near the level of 1.1540. Remarkably, market participants pay a lot of attention to macroeconomic statistics from the United States. Tomorrow, the US Bureau of Labor […]