EUR/USD declines towards 1.1600 before Eurozone inflation data
EUR/USD has seen some declines ahead of the Eurozone’s consumer price index release. The US dollar may strengthen further as the Fed appears likely to keep interest rates steady in July. President Trump has indicated a potential deal with European nations. EUR/USD recently capitalized on gains from a previous session, hovering around 1.1620 during Thursday’s […]
EUR/USD continues to rise toward 1.1800 before Eurozone inflation and US ISM PMI data
The EUR/USD is expected to hover around 1.1790 during early European sessions on Tuesday. The US is reportedly pursuing narrower deals to secure agreements ahead of Trump’s tariff deadline. Germany’s inflation rate fell to 2.0% in June, which is softer than anticipated. The EUR/USD pair is anticipated to trade on a downward trend near 1.1790 […]
EUR/USD stays below 1.1400 as inflation in the Eurozone drops under the ECB’s 2% goal
EUR/USD holds steady as the US dollar weakens amid economic uncertainties in the US. Job openings reported by Jolts reached 7.39 million in April, notably higher than the anticipated 7.1 million. The eurozone’s harmonized consumer price index decreased year-on-year by 1.9% in May, falling short of the ECB’s target of 2%. EUR/USD has seen minimal […]
EUR/USD continues to drop as Eurozone inflation suggests more easing from the ECB
EUR/USD declines further as Eurozone CPI falls short of expectations. US Factory Orders and unexpected job data may hinder US Dollar recovery. The US dollar index hovers around a nearly six-week low at 98.60. EUR/USD is experiencing a drop from 1.1450, moving back below 1.1400 as of this writing. The May Consumer Price Index (CPI) […]
EUR/USD remains down around 1.1400 before Eurozone HICP inflation figures
EUR/USD has weakened as the US dollar (USD) rebounds from previous technical corrections. The European Union has cautioned that Trump’s new proposal to double US tariffs on steel and aluminum could jeopardize trade negotiations. The ISM Manufacturing PMI in the US declined from 48.7 in April to 48.5 in May. EUR/USD is showing a downturn […]
EUR/USD drops below 1.13 as robust US data weakens Eurozone PMIs
While ECB officials expressed cautious optimism, the euro was affected by a weaker-than-expected EU PMI. The US PMI exceeded predictions, demonstrating economic resilience and bolstering the dollar. Trump’s budget advances in the House, further lifting the US dollar amid fiscal momentum. In the currency market, the EUR/USD pair was impacted by the release of better-than-expected […]
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 […]