EUR/USD experiences a slight drop as Eurozone PMIs fall unexpectedly
Unexpectedly low Euro Zone PMI data in May leads to a drop in EUR/USD to around 1.1310. President Trump cautions that Russia may not agree to end the war in Ukraine. ECB’s Nagel expresses hope for a trade agreement between the EU and the US. During European trading on Thursday, EUR/USD came under selling pressure, […]
EUR/USD rises to near 1.1350 ahead of Eurozone HICP inflation data – FXStreet
EUR/USD is supported by improving global risk sentiment. The euro could face headwinds as the market expects a 25 basis point rate cut by the ECB on Thursday. The CME FedWatch tool shows the market is priced at around 85 basis points by the end of the year. EUR/USD traded around 1.1340 during Asian time […]
Forex Today: Eurozone GDP and US Retail Sales data to wrap up volatile week – FXStreet
Here's what you need to know on Friday, February 14th: The US dollar has remained stable on Friday's European morning after suffering a major loss against its major rivals on Thursday. Eurostat will release preemption changes and gross domestic product (GDP) data in the fourth quarter. Later in the session, the US Economic Calendar will […]
EUR/USD plummets as US President Trump reiterates tariff threats on Eurozone – FXStreet
EUR/USD is facing intense sale, as President Donald Trump has confirmed that it will impose tariffs on the European Union. U.S. dollars will be strengthened as investors rush to safe fleets in the World Trade War. Investors are waiting for the USM manufacturing PMI data in January. EUR/USD NOSEDIVES with more than 1 % or […]
EUR/USD sinks to near two-year lows as preliminary Eurozone PMI contracts – FXStreet
EUR/USD fell sharply as the US dollar strengthened and the Eurozone Composite PMI unexpectedly contracted. The Eurozone Services PMI surprisingly fell to 49.2, suggesting business activity contracted in November for the first time since January. The dollar strengthened as traders questioned the Fed's rate cut in December. EUR/USD hit a nearly two-year low near 1.0330 […]
EUR/USD faces pressure as Trump’s policies weigh on Eurozone economic outlook – FXStreet
EUR/USD faces resistance near 1.0600 on Tuesday as investors see more room for the dollar to rise. ECB officials' focus has been on maintaining growth rather than containing price pressures. President Trump's policies are expected to boost U.S. inflation and economic growth. EUR/USD struggled to extend Monday's recovery above near-term resistance at 1.0600 and edged […]
Eurozone Flatlines, Zero Growth in Final Quarter as Germany Falters
FRANKFURT, Germany (AP) – Europe’s economy will still fail to expand at the end of 2023, remaining stagnant for more than a year amid soaring energy prices, soaring credit prices and an economic downturn in once-powerhouse Germany. The economy grew at zero in the October-December period last year, following a 0.1% contraction in the previous […]