EUR/USD: Euro-zone inflation remains weak at 0.5% in June

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR marginally declined against the USD and closed at 1.3523, after data released indicated that the inflation in the Euro-zone continued to remain way below the ECB’s 2% target. The … Continue reading

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EUR/USD: ECB not sure of introducing QE in the Euro-zone, ECB’s Nowotny

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.30% against the USD and closed at 1.3527. Remarks from the Fed Chief, Janet Yellen, continued to support the greenback. In her testimony, Yellen convinced lawmakers that the … Continue reading

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EUR/USD: US would not hike its rates for some more time, Fed’s Yellen

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.39% against the USD and closed at 1.3568 after disappointing ZEW sentiment indexes for Germany and the Euro-zone and following Janet Yellen’s testimony. The USD received a boost … Continue reading

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EUR/USD: Overvalued Euro might pose a risk to recovery, says ECB’s Draghi

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.12% against the USD and closed at 1.3621. Yesterday, the ECB Chief, Mario Draghi expressed concerns over a stronger Euro and urged that it would hurt the recovery … Continue reading

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EUR/USD: ECB’s interest rates too low for Germany, Bundesbank’s Jens Weidmann

EURUSD Movement On Friday, EUR marginally declined against the USD and closed at 1.3604, as worries on the troubles in the European banking system continued to weigh on the common currency. However, in order to cool down the anxiety following … Continue reading

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EUR/USD: No urgency for more stimulus measures, says ECB’s Nowotny

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.26% against the USD and closed at 1.3606, as Euro-zone’s debt-ridden banking sector threw up more concerns following news that Portugal’s biggest bank Banco Espirito Santo failed to … Continue reading

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EUR/USD: QE to end in October, if economy matches projections indicates FOMC

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.21% against the USD and closed at 1.3641. The US Dollar declined after the minutes of the Federal Reserve’s latest meeting failed to give any clarity on when … Continue reading

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EUR/USD: US CPI to be below 2% for more years, Fed’s Narayana Kocherlakota

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.3607, as an official report revealed that German trade surplus widened more than market expectations for May, even as the nation’s … Continue reading

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EUR/USD: June measures are starting to show “significant effect”, ECB’s Nowotny

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.3607, after an index, measuring investor sentiment in the Euro-zone, surprisingly rose to a two-month high level of 10.1 in July, … Continue reading

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EUR/USD: Risk of deflation has been avoided, ECB’s Noyer

EURUSD Movement On Friday, EUR declined 0.12% against the USD and closed at 1.3593. The US Dollar traded on a higher footing, amid increasing speculation that the minutes of the Fed’s latest monetary policy meeting to be released later during … Continue reading

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EUR/USD: Rates to continue to remain low, indicates ECB’s Draghi

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.35% against the USD and closed at 1.3609, following dovish comments from the ECB. The ECB Chief, Mario Draghi reiterated the bank’s forward guidance that the interest rates in … Continue reading

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