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 […]
EUR/USD slightly recovers as USD traders take profits – FXStreet
EUR/USD rebounded after testing 1.0500, its lowest in more than a year, on Thursday. On Friday, the euro rebounded against the US dollar after five consecutive days of declines due to profit-taking. Markets are nervous about the Fed questioning its December interest rate cut, while the ECB is expected to continue easing, pointing to further […]
EUR/USD taps 1.05 for the first time in over a year – FXStreet
EUR/USD continues to decline as the euro depreciates. Textile prices hit a 57-week low as the US dollar continued to rise. Friday's U.S. retail sales conclude the economic calendar. EUR/USD briefly tested a year-to-date low on Thursday, breaking above the 1.0500 handle for the first time in 54 weeks. The lack of meaningful data from […]
US Dollar Forecast: Fed Speeches and Strong Data Drive Dollar Strength; Gold, GBP/USD and EUR/USD Outlook – FX Empire
GBP/USD price chart – Source: TradingviewGBP/USD is trading 0.37% lower at $1.28213 as it remains under pressure below its pivot point at $1.28463. This level has recently served as a breakout point and is now serving as an important pivot. Below that, the pair is likely to remain in a bearish trend. Immediate support lies […]
EUR/USD ticks down as Fed officials line up for interest rate guidance – FXStreet
EUR/USD remains sensitive as investors await new interest rate guidance from a number of Fed speakers. The euro weakened as President Trump's policies were expected to weigh on euro zone exports. This week, investors will focus on October's US inflation data. In European trading on Monday, EUR/USD is trading cautiously near a four-month low of […]
EUR/USD grapples with 1.08 after Fed deals out another interest rate cut – FXStreet
EUR/USD pared gains on Thursday after the Federal Reserve met market expectations for further interest rate cuts. As most investors expected, the Fed cut its key policy rate by 25 basis points. Market participants are now focused on whether the Fed will cut rates one more time in 2024. On Thursday, EUR/USD pared its gains […]
EUR/USD dives as Trump declares victory – FXStreet
With Trump's imminent victory in the US presidential election, the EUR/USD pair has taken a big hit. The Fed is expected to cut rates again on Thursday, but by 25 basis points. The euro has generally underperformed amid growing concerns about the eurozone's economic growth. EUR/USD plunged to near 1.0700 in European trading on Wednesday, […]
EUR/USD sinks again, taps new 16-week bottom – FXStreet
EUR/USD has fallen by 8/10 percent over the week. The fiber optic tender is being dashed by a baffling speech from ECB planners. EU and US PMI data to be released on Thursday could spark new momentum. EUR/USD fell another fifth of a percentage point on Wednesday as the fiber collapsed ahead of Thursday's new […]
EUR/USD remains vulnerable on firm US Dollar, ECB dovish bets – FXStreet
The EUR/USD pair remains in a weak position as the ECB is expected to cut interest rates again in December. ECB President Lagarde is expected to give new hints on the outlook for interest rates on Tuesday. Fed policymakers believe a smaller rate cut is appropriate. EUR/USD is trading near round level support at 1.0800 […]
EUR/USD remains stuck near 10-week low as ECB cuts rates by 25 bps to 3.25% – FXStreet
The EUR/USD pair remains vulnerable at around 1.0850 as the ECB lowered deposit facility interest rates by 25bps to 3.25%. The ECB is expected to cut its key borrowing rate by 25 basis points again in December. The dollar strengthened as speculation that Trump would win increased. EUR/USD remained under pressure around 1.0850 on Thursday. […]