Euro reaches new two-month low against British Pound following strong Eurozone inflation figures.
The Euro (EUR) is experiencing a downturn against the British Pound (GBP) this Friday, having reached new lows not seen in two and a half months, hovering just above the 0.8500 mark. This decline represents a weekly drop of over 1%. A troubling mix of rising inflation in the Eurozone, elevated oil prices, and increasing […]
Euro stabilizes against the Japanese Yen ahead of Eurozone HICP data.
The Euro (EUR) is holding steady against the Japanese Yen (JPY) at approximately 177.60 during the early hours of trading on Friday. Notably, this comes close to a recent low of 176.66 reached the day before, which marks its lowest level in over ten months. On Friday, the Japanese Yen is performing well overall, buoyed […]
Euro slips slightly to around 1.1450 as the Fed keeps rates unchanged, traders look ahead to Eurozone and German GDP.
The EUR/USD pair is slightly down, hovering around 1.1465 during the early Asian trading hours on Thursday. The US dollar has gained marginally against the euro following the Federal Reserve’s decision to maintain a hawkish stance on interest rates. Traders are now anticipating the preliminary GDP data for the second quarter from Germany and the […]
Euro loses ground against Yen as inflation in the Eurozone eases, Japan considers response.
As of now, the EUR/JPY exchange rate sits at approximately 185.40, reflecting a 0.15% decrease on Wednesday. This shift comes as the euro has weakened while the Japanese yen has gained strength. The pressure on the euro is largely due to a more pronounced slowdown in inflation across the euro zone, while the yen benefits […]
Eurozone core inflation increases more quickly than anticipated: What does this mean for EUR/USD?
The preliminary harmonized index of consumer prices (HICP) for the euro area in May was reported at 3.2% year-on-year, up from April’s 3%. Core HICP—excluding volatile items like food, energy, alcohol, and tobacco—hit 2.5%, surpassing expectations of 2.4% and last month’s 2.2%. Month-over-month, both the headline and core HICP increased slightly by 0.1% and 0.3%, […]
Euro rises in value against the Japanese Yen before Eurozone inflation data is released
The EUR/JPY exchange rate saw a slight rise from the previous day, hovering around 186.00 in early trading on Tuesday. There’s a growing sentiment among traders that the European Central Bank (ECB) is leaning towards a more hawkish approach, resulting in the euro appreciating against the yen ahead of significant economic data releases. Investors are […]
Euro strengthens as risk appetite grows and Eurozone inflation data shows strong results
On Wednesday, the euro (EUR) gained over 0.5% against the US dollar (USD), trading at 1.1760 after peaking at 1.1770 earlier in the session. Hopes are growing that the ongoing conflict between the US and Iran might be winding down, which has brought some weakness to the dollar. Additionally, positive data regarding the euro zone’s […]
EUR/JPY declines as Eurozone growth faces intervention-supported Yen
On Monday, the EUR/JPY pair was hovering around 184.00, showing a slight dip of 0.04%. This trend reflects ongoing differences between the robust eurozone and the Japanese yen, which is being bolstered by defensive capital flows. Looking at Europe, recent data has lent some support to the euro. Notably, the S&P Global Manufacturing Purchasing Managers […]
EUR/USD falls to near 1.1650 as Eurozone inflation and ECB interest rates approach
The euro (EUR) has declined against the US dollar (USD) for the third consecutive day as of Thursday, trading at 1.1663 and moving down from a weekly peak of 1.1755. A shift towards a more hawkish stance from the US Federal Reserve, combined with ongoing tensions in the Middle East, is propelling demand for the […]
EUR/USD approaches 1.1500 before German Retail Sales and Eurozone Inflation Data
The EUR/USD pair saw a slight increase after five days of declines, trading around 1.1480 during Asian hours on Tuesday. Traders will be paying attention to German retail sales and unemployment rates from February, alongside preliminary Eurozone Harmonized Consumer Price Index (HICP) data for March that will be released later today. François Villeroy de Galault, […]