EUR/USD: EUR reverses its gain in the Asian Session.

EURUSD Movement On Friday, the EUR rose 0.27% against the USD and closed at 1.3425. The USD lost ground following disappointing economic releases from the US. The nation’s unemployment rate rose to 6.2%, against market expectations of rate to steady … Continue reading

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EUR/USD: US Dollar trading tad higher ahead of US nonfarm payrolls data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.3389, after inflation in the Euro-zone continued its downward trend and fell to its lowest level in almost five years in … Continue reading

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EUR/USD: Fed presents an upbeat assessment of the US economy

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.11% against the USD and closed at 1.3394. The US Dollar strengthened against the Euro, after the Federal Reserve in its monthly monetary policy meeting upgraded its outlook … Continue reading

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EUR/USD: US Dollar trading tad lower ahead of the Fed’s interest rate decision

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.22% against the USD and closed at 1.3409. The US dollar was boosted after data released indicated that consumer confidence index in the US climbed surprisingly to a … 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 marginally against the USD and closed at 1.3439. On the macro front, business confidence in Italy unexpectedly declined to a level of 99.7 in July, as compared to … Continue reading

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EUR/USD: US dollar trading higher ahead of US services and composite PMI data

EURUSD Movement On Friday, EUR declined 0.23% against the USD and closed at 1.3433, after the Ifo sentiment indices from Germany, Euro-zone’s largest economy, disappointed. Data showed that the German business sentiment dropped for a third consecutive month to 108.0 … Continue reading

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EUR/USD: Euro extends its gains following upbeat PMI numbers from the Euro-zone

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally rose against the USD and closed at 1.3464, following upbeat PMI numbers from across the Euro-zone. The manufacturing activity of German expanded to a level of 52.9 in … Continue reading

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EUR/USD: IMF trims US 2014 growth forecast

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.3460, as investor appetite continued to be strained about the effects of possible fresh sanctions against Russia by the EU on … Continue reading

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EUR/USD: US inflation numbers for June came in line-with-expectations

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.43% against the USD and closed at 1.3466. The greenback gained ground following upbeat data from the US, suggesting that the Federal Reserve may hike its key interest … Continue reading

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EUR/USD: Germany economic growth slows down in Q2, Bundesbank

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.05% against the USD and closed at 1.3524, as the risk appetite among investors continued to remain strained as the ongoing tensions in the Ukraine-Russia conflict worsened after … Continue reading

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EUR/USD: Low inflation in the Euro-bloc could damage growth, IMF’s Lagarde

EURUSD Movement On Friday, EUR rose 0.06% against the USD and closed at 1.3531, reversing its initial loses after tensions escalated in Ukraine and Israel. Meanwhile, the common currency continued to remain under pressure after the US and the EU … Continue reading

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