EUR/USD Current price: 1.1596 Financial markets are in a better mood amid solid Q3 earnings reports in the US. US Treasury yields stand at the lower end of their weekly range, weighing on the USD. EUR/USD is at risk of resuming its decline and reaching fresh 2021 lows. The EUR/USD pair retreated from a fresh weekly high of 1.1623, now trading in the 1.1590 price zone. The American currency is down across the board, as US government bond yields remain depressed, although it is up against the EUR
The euro zone's unadjusted trade surplus was much smaller then expected in August as the bloc had to pay much more for imported energy, data showed on Friday. The European Union's statistics office Eurostat said the external trade surplus of the 19 countries sharing the euro was 4.8 billion euros in August compared to 14.0 billion euros a year earlier. Economists polled by Reuters had expected a 16.1 billion euro surplus.
EUR/USD Current price: 1.1588 US inflation was upwardly revised to 5.4% YoY in September, core confirmed at 4%. FOMC Meeting Minutes were signalling a gradual reduction in the pace of asset purchases. EUR/USD holds on to intraday gains just below the 1.1600 figure. The EUR/USD pair recovered from a fresh 2021 low of 1.1523 posted in the Asian session, as the dollar suffered a major setback on the back of plummeting US government bond yields. The pair neared the 1.1600 price zone, holding nearby
The Euro has rallied a bit during the course of the trading session on Thursday but gave back quite a bit of the gains just above the 1.16 level. At this point, we are testing a major resistance barrier.
EUR/USD Current price: 1.1530 German ZEW survey showed that Economic Sentiment contracted for a fifth consecutive month. US Federal Reserve officials are hinting at soon-to-come tapering once again. EUR/USD has room to accelerate its slump once below 1.1520. The EUR/USD pair pierced its former 2021 low mid-US afternoon and trades near a fresh one of 1.1524. The American dollar gathered momentum during US trading hours, helped by comments from US Federal Reserve officials aligned with soon-to-com
Euro zone industrial production dipped month-on-month as expected in August, data showed on Wednesday, but turned out stronger than forecast year-on-year thanks to a jump in output of non-durable consumer goods. The European Union's statistics office Eurostat said industrial production in the 19 countries sharing the euro fell 1.6% month-on-month in August for a 5.1% year-on-year increase. The biggest falls in monthly output were in capital goods, down 3.9%, and durable consumer goods, down 3.4%.
EUR/USD Current price: 1.1559 Worrisome news coming from China undermined the market’s mood. ECB Philip Lane backed calibrating the monetary policy to reach the 2% inflation target. EUR/USD consolidating near 2021 low and at risk of falling further. The EUR/USD pair trades around 1.1560, marginally lower when compared to Friday’s close. Market participants struggled for directional hints in a slow start of the week. Worrisome headlines coming from China put a cap to Friday stocks’ rally. Once ag
Euro gained against the Great British Pound and the US Dollar today as German ZEW Economic Sentiment and European ZEW Economic Sentiment data were very positive, despite the prolongation of restrictions in Europe until mid-February.
At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 92.597. EUR/USD climbed 0.1% to 1.1848, USD/JPY fell 0.1% to 104.53, while the risk sensitive AUD/USD rose 0.3% to 0.7287.