EUR/USD (Euro –US Dollar) EUR/USD (Euro –US Dollar)
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The Euro initially shot higher during the trading session on Tuesday but gave back the gains a bit as it looks like we are starting to run into a little bit of noise.

The moves are a reverse of what happened in the first quarter of the year, when the dollar strengthened as U.S. Treasury yields rose, offering higher returns on the greenback. At 1158 GMT, the dollar index was flat on the day at 91.043, after hitting a low of 90.877 during the Asian session. The euro was up 0.2% at $1.2056 - its highest in nearly seven weeks - after having passed the key $1.20 in the previous session.

20 Apr, 2021 @ 11:54 by Yahoo! Finance

The direction of the EUR/USD on Tuesday is likely to be determined by trader reaction to the short-term Fibonacci level at 1.2037.

Wholesale inflation figures from Germany point to a further pickup in inflationary pressure going into the second quarter, which was aligned with recent PMI survey responses.

EUR/USD settled above the resistance at 1.2040 and is testing the next resistance level at 1.2060.

* Euro supported as Europe closes gap with U.S. vaccine drive * Dollar skids after Treasury yields retreat from 14-month peaks * Euro, yen at highest level versus dollar since early March * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E By Hideyuki Sano and Kevin Buckland TOKYO, April 20 (Reuters) - The dollar sank to a fresh 6-1/2-week low against major peers on Tuesday as the euro led a rally on the back of a brightening outlook for the region's vaccination programme. The dollar had already been losing traction as U.S. bond yields retreated from a 14-month peak touched last month, reducing the greenback's yield allure.

20 Apr, 2021 @ 02:02 by Yahoo! Finance

It’s another quiet day on the economic calendar. Employment figures from the UK will put the Pound in focus later today, however.

The dollar wallowed near a six-week low against its peers on Tuesday as the euro led a rally on the back of a brightening outlook for the region's vaccination programme. The dollar had already been losing traction as U.S. bond yields have hovered below a 14-month peak touched last month, reducing the greenback's yield attraction.

19 Apr, 2021 @ 13:30 by Yahoo! Finance

The Euro broke above the one point to zero level during the trading session on Monday to kick off the week on a bullish foot.

19 Apr, 2021 @ 09:07 by Yahoo! Finance

Large euro zone banks have been underreporting their risky assets by 275 billion euros by using their own models to quantify potential losses, the European Central Bank said on Monday. Since the 2008 financial crisis, regulators around the world have been picking apart the internal models that large banks use to calculate how much risk is on their balance sheet and, in turn, how much capital they need. A five-year review by the ECB found that the euro zone's top banks had undercounted their risk-weighted assets by 275 billion euros, or 12%, for example by underestimating losses in cases where a borrower goes bust.

19 Apr, 2021 @ 07:39 by Yahoo! Finance

EUR/USD tested support at 1.1965 but did not manage to develop sufficient downside momentum.

Euro zone government bond yields were broadly steady on Monday, with markets largely on hold ahead of this week's European Central Bank meeting. However, significant moves were likely to be limited ahead of Thursday's European Central Bank meeting. The ECB has stepped up the pace of bond buying in its Pandemic Emergency Purchase Programme since the March meeting to contain a rise in borrowing costs that could derail the recovery.

The direction of the EUR/USD on Monday is likely to be determined by trader reaction to the 50% level at 1.1976.

It’s a quiet day ahead on the economic calendar. There are no material stats to consider, leaving geopolitics and COVID-19 and vaccine news in focus

The pound rose against the euro on Friday reversing early losses, and was set for weekly gains against the common currency as traders weighed how the re-opening of Britain's economy would affect its recovery. After a strong first quarter, helped by a speedy roll-out of COVID-19 vaccinations across Britain and by dwindling expectations of negative interest rates, sterling had a weaker start to April, hurt by profit-taking. In early London trading, the pound fell versus the euro to 87.18 pence, its lowest level since Feb. 26, but it recovered some ground and was up 0.2% at 86.65 pence at 1600 GMT.

The Euro rallied significantly during the course of the trading to reach towards the 1.20 handle again.

The Euro has rallied again during the course of the trading session on Friday, with the 1.20 level being significant resistance again.

16 Apr, 2021 @ 11:06 by Yahoo! Finance

The direction of the EUR/USD on Friday is likely to be determined by trader reaction to the 50% level at 1.1976.

The pound fell against the euro on Friday to its lowest in seven weeks and was on track for its second consecutive week of losses against the common currency, with analysts attributing the fall partly to an upcoming Scottish parliamentary election. After a strong first quarter, helped by a speedy rollout of vaccinations against COVID-19 across the United Kingdom and by dwindling expectations of negative interest rates, sterling had a weaker start to April. While traders weighed indications of how Britain's re-opening of shops would affect the economic recovery, they also said investors had turned more cautious ahead of the Scottish parliamentary election on May 6.

The pound slipped against the euro on Friday to its lowest level in seven weeks and was on track for its second consecutive week of losses against the common currency, with analysts attributing the fall partly to an upcoming Scottish parliamentary election. After a strong first quarter, helped by a speedy rollout of vaccinations against COVID-19 across the United Kingdom and by dwindling expectations of negative interest rates, sterling had a weaker start to April. While traders weighed indications of how Britain's re-opening of shops would affect the economic recovery, they also said investors had turned more cautious ahead of the Scottish parliamentary election on May 6.

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