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 […]