EUR/USD: Euro extends its losses in the morning session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.1083. Data showed that Euro-zone’s manufacturing PMI unexpectedly rose to a level of 47.0 in August, defying market expectations for a … Continue reading

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EUR/USD: Euro trading a tad lower in the morning session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.1091. In the US, data showed that existing home sales rose 2.5% to a level of 5.42 million on monthly basis … Continue reading

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EUR/USD: Eurozone’s construction output remained unchanged in June

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.15% against the USD and closed at 1.1099. Data showed that Euro-zone’s construction output remained flat on a monthly basis in June. Construction output had dropped by a … Continue reading

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EUR/USD: Euro-zone’s consumer price inflation eased more than initially estimated in July

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.10% against the USD and closed at 1.1082. On the macro front, Euro-zone’s consumer price inflation slowed to 1.0% on a yearly basis in July, marking its lowest … Continue reading

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EUR/USD: Euro-zone’s trade surplus narrowed beyond estimates in June

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.16% against the USD and closed at 1.1092 on Friday. On the macro front, Euro-zone’s seasonally adjusted trade surplus narrowed to €17.9 billion in June, more than market … Continue reading

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EUR/USD: Euro trading lower in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.30% against the USD and closed at 1.1110, amid dovish comments from the European Central Bank Governing Council member, Olli Rehn. Separately, the US dollar rose against the … Continue reading

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EUR/USD: Euro-zone’s economy grew as estimated in 2Q 2019

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.27% against the USD and closed at 1.1143. Data showed that Euro-zone’s seasonally adjusted second estimate of gross domestic product (GDP) rose 0.2% on a quarterly basis in … Continue reading

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EUR/USD: Euro-zone’s economic sentiment index fell in August

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.37% against the USD and closed at 1.1216. On the data front, Euro-zone’s economic sentiment index declined to a level of -43.6 in August, compared to a reading … Continue reading

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EUR/USD: Euro reverses its gains in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.07% against the USD and closed at 1.1216. The US Federal Reserve, in its monthly budget statement, showed that the US budget deficit widened to $119.7 billion in … Continue reading

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EUR/USD: Germany’s trade surplus narrowed more-than-estimated in June

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.1202 on Friday. On the macro front, Germany’s seasonally adjusted trade surplus narrowed to €16.8 billion in June, as imports surged … Continue reading

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EUR/USD: Euro-zone’s outlook remains affected amid prolonged uncertainties: ECB bulletin

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.16% against the USD and closed at 1.1187. The European Central Bank (ECB), in its economic bulletin report, stated that the common currency region outlook remained affected in … Continue reading

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