EUR/USD: ECB should purchase assets to depreciate the “overvalued” EUR, says French PM, Manuel Valls

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.18% against the USD and closed at 1.3657, as the French Prime Minister, Manuel Valls, urged the ECB to introduce additional policy measures, including asset-purchase programme, to depreciate … Continue reading

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EUR/USD: Euro trading a tad lower with focus on Euro-zone’s first-quarter GDP data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.3681, as the latest batch of soft economic releases from the Euro-zone and its member nations spurred fresh concerns on the … Continue reading

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EUR/USD: Euro trading slightly higher against the US Dollar ahead of the Euro-zone manufacturing PMI and unemployment data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.33% against the USD and closed at 1.3691. The greenback declined following the release of a mixed batch of economic releases from the US economy. Data showed that … Continue reading

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EUR/USD: No deflation threats in the Euro-zone, opines, ECB’s Yves Mersc

EURUSD Movement On Friday, the EUR rose 0.26% against the USD and closed at 1.3648, shrugging off its initial losses, after data showed that consumer prices in Germany, Euro-zone’s largest economy, rose more than expected to 0.3% (MoM) in June. … Continue reading

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EUR/USD: Euro trading higher ahead of Euro-zone’s consumer and economic sentiment data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.12% against the USD and closed at 1.3613, as the greenback advanced after data showed that initial claims for unemployment benefits in the US fell by 2,000 to … Continue reading

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EUR/USD: Greenback extends its fall following lacklustre US GDP data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.18% against the USD and closed at 1.3630, as demand for the greenback declined following the latest batch of soft economic releases from the US economy. Revised data … Continue reading

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EUR/USD: Greenback steady ahead of the US first-quarter GDP data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose marginally against the USD and closed at 1.3605, paring its initial losses, triggered by the latest batch of downbeat German IFO data for June. The CESifo Group reported … Continue reading

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EUR/USD: Euro-zone’s Markit flash composite PMI fell to a six-month low level in June

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.07% against the USD and closed at 1.3603. However, earlier during the day, the Euro-zone’s shared currency came under pressure after data showed that Euro-zone’s Markit composite PMI, … Continue reading

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EUR/USD: Euro trading higher ahead of Markit PMI data

EURUSD Movement On Friday, the EUR declined 0.15% against the USD and closed at 1.3589, as ECB policymaker, Yves Mersch, opined that the Euro-zone economy had not yet exited its financial and economic crisis while urging the government of Euro-zone’s … Continue reading

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EUR/USD: ECB stands prepared for additional unconventional measures should inflation outlook deteriorate, hints ECB’s Constancio

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.15% against the USD and closed at 1.3610, The US Dollar extended its fall on Fed’s dovish outlook on the US economy. However, yesterday, official data showed that … Continue reading

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EUR/USD: Fed tapered its stimulus package by $10 billion in June and slashed its economic-outlook on the US economy for 2014

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.30% against the USD and closed at 1.3589. The greenback came under pressure after the Fed slashed its growth estimates on the world’s largest economy by projecting the … Continue reading

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