EUR/USD declines as traders prepare for Fed decision, Euro sentiment improves, US data shows mixed results
EUR/USD dips below 1.1550 as traders assess mixed US data and monitor Middle Eastern tensions. In May, US retail sales dropped by 0.9%, though core GDP-related indicators saw a rise of 0.4%. Industrial production data was underwhelming. The market is looking for clearer guidance from the Federal Reserve on Wednesday, ahead of potential shifts in […]
Euro reaches three-year highs above 1.1600 due to concerns over tariffs and expectations of Fed rate cuts
The euro has risen above 1.16 for the first time since November 2021. Updated tariff concerns and weak inflation data are impacting the US dollar. EUR/USD bulls are eyeing an annual high around 1.1575. EUR/USD has surpassed 1.1600 for the first time since late 2021. This rise is largely attributed to new tariff threats from […]
Dollar continues to lose market share, but the euro is not succeeding either: ECB study
Frankfurt (Reuters) – Last year, the dollar continued to lose its standing as the leading global currency, with many of its competitors, along with gold, gaining ground, but not the euro in particular. Since April, investors have been offloading dollar assets, driven by unpredictable US economic policies. In fact, ECB president Christine Lagarde mentioned this […]
Decline of the Dollar Compared to the Euro: Here’s Why This Is Only the Start
The dollar has seen a significant drop against the euro and other major currencies since the start of the year. This trend, which seems to be ongoing, appears to be influenced by an uncertain geopolitical landscape and economic decisions tied to the Trump administration. The question remains: how far can this decline go? Simply put […]
Ukraine is thinking about moving away from the US dollar and possibly connecting more with the euro.
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‘Light on leadership’: Kane joins Tuchel in criticising England at Euro 2024 | England
Thomas Tuschel provided a poignant rating of England's performance under Gareth Southgate in Euro 2024, saying that he had no “hunger” and “identity” last summer. In the signs of his predecessor's time and his desire to take a clean break, Tuchel pretended to be diplomacy. The Germans were straightforward at England's labor performances at the […]
SCARY: President of European Central Bank admits ‘digital Euro’ is ready for launch
Remember when you were told that the “digital euro” was merely a conspiracy theory? Well, it turns out that it was not only authentic, but it was in the work Five year. Christine Lagarde, chairman of the European Central Bank, has just admitted it. Now you're ready for release. Glenbeck I'll explain why we have […]
Euro Rally Extends as German Greens Eye Defense Spending Deal This Week – Action Forex
The euro rallies continue after a brief pause boosted by signs of Germany's political breakthrough over key defense and infrastructure spending. The consensus appears to have emerged around large-scale funding contracts, a game-changer to strengthen Europe's economic and defence resilience, particularly amid ongoing geopolitical conflicts in Ukraine. The German Green Party is reportedly ready to […]
Euro Leaders Sound Very Different on Ukraine War in Private
European leaders say they “blow the hearts,” and as long as they're in public, they're backed up, but if the journalists aren't in their earshots, they're realistic about the need to end the Ukrainian war, said US Vice President JD Vance. Because “We don't care what Europeans say in public,” it's completely different from what […]
EUR/USD: Euro Pressured by Flexing Dollar, Slides Under $1.04 to Cross 50-Day MA – TradingView
Key Points: Euro slips to $1.0370 Oval Office Drama This week's event Illustrations by TradingView Traders gave up hope for a stronger European currency after Friday's meeting with Trump and Zelensky. ✔✔️ Euro flips the script Eurusd The pair were trying to find the groove on Monday morning. The old continental currency exceeded its 50-day […]