EUR/USD rises even with poor EU PMIs, Middle East tensions influence mood
The Euro Shrugs off Poor HCOB PMI as German Data Shows Mild Improvement The Euro is surprisingly resilient amid poor HCOB PMI reports. Following an attack on Iran’s nuclear sites, Iran retaliates by targeting a US base in Qatar. Market participants await key testimonies from Powell, German IFO data, and comments from the ECB this […]
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, […]
PMIs back in focus to wrap up the week – ForexLive
The dollar fell in trade yesterday, but the major currency block has not shown any significant changes so far outside of today's Japanese Yen. USD/JPY has remained rather unstable, returning to levels above 150.00 since yesterday's US trading. The previous lows touched on 149.27, but since September 149.22, I'm shy and shy about my 50.0 […]
Morning Bid: Monitoring dollar, DeepSeek and China's PMIs By Reuters – Investing.com
Written by Jamie McGeever (Reuters) – Future outlook for the Asian market. A crucial week for global markets begins in Asia on Monday. Investors are still trying to gauge whether the narrative of “American exceptionalism” is losing its luster as they weather a blizzard of headlines about President Donald Trump's likely economic policies. Last week, […]
PMIs on the agenda in Europe today – ForexLive
It was a slow start to the new week for Forex as traders tried to settle into the June trading session. Dollar pairs fluctuated slightly but tight ranges still prevailed for the most part. EUR/USD is a good example, with a daily range of just 10 pips so far. The outcome of trading this week […]