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EUR/USD holds steady at lower levels as Eurozone PMIs take center stage

EUR/USD holds steady at lower levels as Eurozone PMIs take center stage

The EUR/USD exchange rate has bounced back from earlier losses, now hovering around 1.1615, largely due to encouraging business activity reports from Germany and the eurozone. On the daily chart, it seems relatively stable. Still, the currency pair is somewhat stuck in a range from the previous days, with many traders now looking ahead to […]

EUR/USD remains steady as traders anticipate US CPI during the ongoing US shutdown

EUR/USD remains steady as traders anticipate US CPI during the ongoing US shutdown

The EUR/USD exchange rate remained mostly unchanged in North American trading on Monday, slipping 0.05% to approximately 1.1643 after reaching a daily high of 1.1675, driven by disappointing US economic data. The euro sits steady around 1.1640 as anticipation builds for US inflation data and remarks from President Trump about trade. With the U.S. government […]

EUR/USD stays steady around 1.1650 after France’s credit rating cuts

EUR/USD stays steady around 1.1650 after France's credit rating cuts

EUR/USD Struggles Amid French Downgrade The EUR/USD pair has faced challenges once again, hovering around 1.1660 during Asian trading on Monday. The euro saw a dip following a Bloomberg report stating that S&P Global Ratings downgraded France’s credit rating from AA- to A+. This decision stems from “increased” budget uncertainty, despite the French government having […]

French Government Defies Expectations by Remaining Steady

French Government Defies Expectations by Remaining Steady

Political Turmoil in France: Impeachment Calls for Macron The leftist opposition has pledged to initiate impeachment proceedings against Emmanuel Macron in an effort to remove him from office. This comes after France’s prime minister narrowly sidestepped government collapse for the second time within two weeks during a parliamentary vote on Thursday. Sébastien Lecornu, who has […]

EUR/USD remains steady above 1.1550 before the release of German ZEW Survey data

EUR/USD remains steady above 1.1550 before the release of German ZEW Survey data

EUR/USD Slightly Rises Amid Varied Economic Indicators EUR/USD edged up a bit after a decline of nearly 0.5% in the previous session, hovering around 1.1570 during Asian trading hours on Tuesday. The pair is poised to benefit from the upcoming release of September’s Harmonized Consumer Price Index (HICP) and Germany’s ZEW survey data. Recently, the […]

Australian Dollar holds steady after release of RBA Meeting Minutes

Australian Dollar holds steady after release of RBA Meeting Minutes

The Australian dollar (AUD) held steady against the US dollar (USD) on Tuesday. The AUD/USD exchange rate didn’t change much following the release of the Reserve Bank of Australia’s (RBA) minutes from its September monetary policy meeting. These notes indicated that while the board felt the policy was still somewhat restrictive, making decisions is proving […]

USD/JPY Price Predictions: Earlier support at 152.35 is keeping bulls steady.

USD/JPY Price Predictions: Earlier support at 152.35 is keeping bulls steady.

On Monday, the US dollar made gains against the Japanese yen, reaching 152.00 after some recovery from losses incurred last week. However, during the European trading session, it couldn’t hold above the prior support level of 152.35. This decline in the yen’s value is linked to ongoing political instability in Japan. Over the weekend, Komeito […]

EUR/JPY stays steady around 176.50 as demand for safe-havens decreases

EUR/JPY stays steady around 176.50 as demand for safe-havens decreases

EUR/JPY Currency Update The EUR/JPY has bounced back from its previous losses and is now trading close to 176.50 during Asian trading hours on Monday. This rise comes as the Japanese yen faces challenges, partly due to a drop in safe-haven asset demand linked to reducing tensions in US-China trade relations. Recently, former President Trump […]