EUR/USD: Euro-zone’s manufacturing sector activity posted a 15-month low in May

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.38% against the USD and closed at 1.1658 on Friday, following downbeat economic data. Data showed that Euro-zone’s t final manufacturing PMI fell to a level of 55.5 … Continue reading

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EUR/USD: Euro-zone’s annual inflation accelerated to a more than 12-month high in May

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.33% against the USD and closed at 1.1702, helped by receding worries over Italy’s political turmoil and a surge in the Euro-zone’s annual inflation. Data showed that the … Continue reading

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EUR/USD: German inflation figures climbed more than estimated

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 1.07% against the USD and closed at 1.1664, as renewed efforts to form a coalition government in Italy reduced fears of an early election. On the economic front, … Continue reading

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EUR/USD: Euro trading on a weaker footing, ahead of key economic releases across the Euro-zone

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.75% against the USD and closed at 1.1541, as deepening political instability in Italy continued to dent investor sentiment. In economic news, French consumer confidence index surprisingly remained … Continue reading

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EUR/USD: German business sentiment held steady in May

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.64% against the USD and closed at 1.1628, pressured by prospects of fresh elections in Italy and Spain. On Friday, data indicated that Germany’s Ifo business climate index … Continue reading

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EUR/USD: Germany’s economy expanded as initially estimated in 1Q 2018

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.12% against the USD and closed at 1.1721, after data indicated that Germany’s seasonally adjusted final gross domestic product (GDP) rose 0.3% on a quarterly basis in the … Continue reading

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EUR/USD: Euro-zone’s manufacturing sector grew at its weakest pace in 15 months in May, while services sector activity cooled to a 16-month low in the same month

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.62% against the USD and closed at 1.1707, after the latest set of economic data pointed to a further slowdown in the Euro-zone’s economic growth. The flash Markit … Continue reading

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EUR/USD: Euro trading on a weaker footing, ahead of key economic releases across the Euro-bloc

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.14% against the USD and closed at 1.1780. In economic news, data indicated that the US Richmond Fed manufacturing index advanced more-than-expected to a level of 16.0 in … Continue reading

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EUR/USD: Euro trading on a weaker footing in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.34% against the USD and closed at 1.1796. In the US, data revealed that the Chicago Fed national activity index unexpectedly rose to a level of 0.34 in … Continue reading

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EUR/USD: Euro-zone’s trade surplus widened above expectations in March

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.24% against the USD and closed at 1.1768 on Friday, dragged by prolonged political uncertainty in Italy. In economic news, the Euro-zone’s seasonally adjusted trade surplus widened more-than-expected … Continue reading

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EUR/USD: Euro-zone’s construction output dipped for the third consecutive month in March

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.16% against the USD and closed at 1.1796, amid continuous political uncertainty in Italy. On the economic front, the Euro-zone’s seasonally adjusted construction output declined 0.3% on a … Continue reading

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