EUR/USD: Euro-zone’s manufacturing sector expanded as initially estimated in July

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.21% against the USD and closed at 1.1664. On the data front, Euro-zone’s the final manufacturing PMI advanced to a level of 55.1 in July, confirming the preliminary … Continue reading

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EUR/USD: Eurozone’s Q2 GDP growth at 2-year low while consumer prices exceed forecast in July

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.18% against the USD and closed at 1.1688. Macroeconomic data showed that, Eurozone’s seasonally adjusted gross domestic product (GDP) grew at a slower than expected pace of 0.3% … Continue reading

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EUR/USD: Euro-zone’s consumer confidence remains steady, while economic confidence falls to a 1-year low in July

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.45% against the USD and closed at 1.1709. Data showed that the Euro-zone’s final consumer confidence index remained unchanged at -0.6 in July, at par with market expectations … 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 0.16% against the USD and closed at 1.1660 on Friday. On the data front, in France, Euro-zone’s second largest economy, preliminary gross domestic product (GDP) climbed 0.2% on … Continue reading

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EUR/USD: The ECB leaves key interest rate unchanged, Draghi says outlook for the economy remains solid

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.78% against the USD and closed at 1.1641, after ECB confirmed to end its bond purchases in December 2018. The European Central Bank (ECB), at its July monetary … Continue reading

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EUR/USD: EU-US struck a deal to avoid trade war: Trump- Juncker meet

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.42% against the USD and closed at 1.1732, after the US President, Donald Trump and the European Union President Jean-Claude Juncker agreed to work toward ‘zero tariff’ deal, … Continue reading

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EUR/USD: Euro-zone’s manufacturing activity surprisingly advanced in July, while private sector growth slowed in July

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.1683. On the macro front, the Euro-zone’s flash Markit manufacturing PMI unexpectedly advanced to a level of 55.1 in July, defying … Continue reading

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EUR/USD: Euro-zone’s consumer confidence cooled in July

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.44% against the USD and closed at 1.1691. Data indicated that Euro-zone’s preliminary consumer confidence index dropped to -0.6 in July, less than market consensus for a drop … 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 rose 0.70% against the USD and closed at 1.1728 on Friday. On the data front, Euro-zone’s current account surplus narrowed to €22.4 billion in May, reaching its lowest level … 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 rose slightly against the USD and closed at 1.1646. The US dollar declined against the Euro, after the US President, Donald Trump criticised the Federal Reserve’s (Fed) policy of … Continue reading

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EUR/USD: Euro-zone’s inflation increases as initially estimated in June

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.09% against the USD and closed at 1.1644. On the data front, Euro-zone’s final consumer price index climbed 2.0% on an annual basis in June, at par with … Continue reading

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