EUR/USD (Euro –US Dollar) EUR/USD (Euro –US Dollar)
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22 Feb, 2024 @ 14:42 by Yahoo! Finance

Caution evident from the Fed’s minutes against cutting rates too quickly has supported the narrative of ‘higher for longer’.

Germany’s energy-intensive industries, low investment, ageing population and weak growth, rather than high government debt, represent challenges to its AAA credit rating – hence the need to reform the debt brake.

The March rate-cut bet is slipping away in Europe as well as the U.S. A day after Federal Reserve Chair Jerome Powell indicated the U.S. central bank probably won't [cut rates in March](https://www.wsj.com/economy/central-banking/fed-leaves-rates-steady-and-opens-door-wider-to-cuts-d10a107d), a higher-than-expected inflation reading in the eurozone suggests it isn't likely there, either. + Core inflation, which excludes volatile categories like food and energy, also declined, but slower than expected. After the data, U.K. consultancy Pantheon Macroeconomics abandoned its call that the European Central Bank would cut rates in March.

29 Jan, 2024 @ 04:54 by Yahoo! Finance

The U.S. dollar edged higher in early European trade Monday, retaining support at the start of a week packed with risk events, including a Federal Reserve policy meeting and key employment data. Attention this week will squarely be on the Federal Reserve's two-day policy meeting, which concludes on Wednesday. The U.S. central bank is widely expected to keep interest rates unchanged, with investors eagerly awaiting Fed Chair Jerome Powell’s post policy meeting press conference for any indication that officials believe they have progressed enough in their battle against inflation to begin cutting rates sooner rather than later.

28 Jan, 2024 @ 10:22 by Yahoo! Finance

The FOMC meeting will take place on 30–31 January 2024, some of the key dates traders mark on their calendars. The market expected the Fed to keep rates at 5.25–5.50%, but the FOMC has signalled several rate cuts throughout 2024 as inflation weakens and the economy slows. Octa explains what

26 Jan, 2024 @ 10:12 by Yahoo! Finance

The publication of the US GDP growth rate for Q4, 2023, has shown a significant increase compared to forecasts.

The U.S. dollar held steady on Friday as traders weighed how surprisingly strong economic growth data would impact the Federal Reserve's rate path and awaited a key inflation gauge later in the day for more clues. The euro, meanwhile, was on the backfoot as traders ramped up bets of a rate cut in April after the European Central Bank's (ECB) latest monetary policy meeting on Thursday.

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The U.S. dollar held firm on Friday after rising overnight, as traders weighed how domestic GDP data that surprised to the upside would impact the Federal Reserve's rate path and awaited key inflation data later in the day. The euro, meanwhile, was on the backfoot following the European Central Bank's (ECB) latest monetary policy meeting on Thursday which held interest rates at a record-high 4%. In the United States, official data on advance GDP estimate showed gross domestic product in the last quarter increased at a 3.3% annualized rate, overshooting the consensus forecast of 2% growth rate.

Global stocks rose on Thursday while the euro fell as Europe's central bank kept rates unchanged, and U.S. Treasury yields declined after data showed the U.S. economy grew more quickly than expected in the fourth quarter. The U.S. economy grew as strong consumer spending defied recession predictions in 2023, with fourth quarter gross domestic product (GDP) increasing at a 3.3% annualized rate and full-year growth at 2.5%, according to the Commerce Department. The U.S. dollar rose on Thursday as the data suggested that the Federal Reserve would be in no rush to cut interest rates.

Scope Ratings is projecting a rebound in CEE-11 growth from an estimated, weak 0.7% in 2023 to 2.5% this year and 3% in 2025. Growth will be driven by lower inflation and higher real wages.

The U.S. dollar rose on Thursday after data showed the world's largest economy grew at a faster pace than expected in the fourth quarter, suggesting the Federal Reserve would be in no rush to cut interest rates. The dollar index, a gauge of the greenback's value versus six major currencies, was last up 0.2% at 103.53.

Global stocks edged up on Thursday while the euro fell as Europe's central bank kept rates unchanged and U.S. Treasury yields trended lower after data showed the U.S. economy grew more quickly than expected in the fourth quarter. The U.S. economy grew as strong consumer spending defied dire predictions of a recession in 2023, with gross domestic product (GDP) increasing at a 3.3% annualized rate and full-year growth at 2.5%, according to the Commerce Department. The U.S. dollar edged higher after the data prompted bets that the Federal Reserve would be in no rush to cut interest rates amid a generally stable economy.

The U.S. dollar edged higher on Thursday after data showed the world's largest economy grew at a faster pace than expected in the fourth quarter, suggesting the Federal Reserve would be in no rush to cut interest rates amid a generally stable economy. The dollar index, a gauge of the greenback's value versus six major currencies, was last up 0.1% at 103.37.

25 Jan, 2024 @ 13:46 by Yahoo! Finance

The euro and government bond yields wobbled in quiet trading after the European Central Bank left its [key interest rate unchanged](https://www.wsj.com/economy/central-banking/ecb-holds-rates-as-investors-shift-expectations-of-cuts-9ea733a5).

Global stocks retreated on Thursday, as a surge in China markets on the back of revived investor confidence helped offset a more muted performance elsewhere, while the euro held steady against the dollar ahead of a European Central Bank meeting. Chinese blue-chips staged a robust rally, with the Shanghai Composite up 3% in its largest daily gain in nearly two years, after a series of measures by Beijing authorities to prop up the economy and the stock market. The upcoming monetary policy decision by the European Central Bank kept pressure on bond prices and gave the euro a leg-up against the dollar, while keeping a lid on volatility in the stock market.

The flash reading for the euro zone showed business activity shrinking for an eighth month, albeit at a slightly slower pace, pushing the euro to a new four-month intra day low against the pound of 85.36 pence. The euro was flat on Thursday at 85.57 pence. First the ECB announces its latest policy decision at 1315 GMT.

Global stocks see-sawed on Thursday, as a surge in China markets on the back of revived investor confidence helped offset a more muted performance elsewhere, while the euro held steady against the dollar ahead of a European Central Bank meeting. Chinese blue-chips staged a robust rally, with the Shanghai Composite up 3% in its largest daily gain in nearly two years, after a series of measures by Beijing authorities to prop up the economy and the stock market. The upcoming monetary policy decision by the European Central Bank kept pressure on bond prices and gave the euro a leg-up against the dollar, while keeping a lid on volatility in the stock market.

25 Jan, 2024 @ 04:13 by Yahoo! Finance

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