EUR/USD: Euro-zone’s manufacturing PMI slid to a 30-month low level in November, while the service sector activity fell to a 25-month low level in the same month

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.64% against the USD and closed at 1.1330 on Friday, amid sharp decline in the PMI data. Data indicated that the Euro-zone’s preliminary manufacturing PMI unexpectedly declined to … Continue reading

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EUR/USD: Euro-zone’s consumer confidence index dropped more-than-estimated in November

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.15% against the USD and closed at 1.1403, after Britain and EU agreed on a draft text on their future relations after Brexit. Macroeconomic data showed that the … Continue reading

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EUR/USD: OECD downgraded its growth outlook for the global economy

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.1386, amid renewed optimism for a negotiation over Italy’s budget. The Organisation for Economic Cooperation and Development (OECD), its latest Economic … Continue reading

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EUR/USD: Euro trading a tad higher in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.73% against the USD and closed at 1.1370. On the macro front, Germany’s producer price index (PPI) climbed 3.3% on an annual basis in October, in line with … Continue reading

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EUR/USD: Euro-zone’s construction output rebounded in September

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.40% against the USD and closed at 1.1454. Data revealed that the Euro-zone’s seasonally adjusted construction output rebounded 2.0% on a monthly basis in September, following a revised … Continue reading

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EUR/USD: Euro-zone’s consumer price index rose in October, marking its highest level since December 2012.

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.75% against the USD and closed at 1.1409 on Friday In economic news, the Euro-zone’s final consumer price index climbed to a six-year high level of 2.2% on … Continue reading

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EUR/USD: Euro-zone’s trade surplus narrowed in September

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.07% against the USD and closed at 1.1324. In the economic news, the Euro-zone’s seasonally adjusted trade surplus narrowed to €13.4 billion in September, compared to a revised … Continue reading

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EUR/USD: Euro-zone’s economy grew at its slowest pace since 2014 in 3Q 2018

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR remained unchanged against the USD and closed at 1.1316. Data indicated that the Euro-zone’s seasonally adjusted second estimate of gross domestic product (GDP) advanced at its weakest pace in … Continue reading

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

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.83% against the USD and closed at 1.1316, amid news that Britain and the European Union are close to reach a Brexit deal. On the data front, the … Continue reading

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

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.94% against the USD and closed at 1.1223, amid political uncertainty and concerns over Italy’s budget plans. Separately, the US dollar rose against a basket of currencies yesterday, … Continue reading

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EUR/USD: Euro extends its losses 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 1.1333 on Friday. In the US, data showed that US producer price rose 2.9% on an annual basis in October, rising … Continue reading

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