EUR/USD: Euro-zone GDP failed to meet market estimates while consumer prices came at par with consensus

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR ended the day flat against the USD and closed at 1.3715, giving back its initial losses, triggered by downbeat Euro-zone GDP data. Data showed that the annualized preliminary Euro-zone’s … Continue reading

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EUR/USD: Euro trading a tad higher ahead of Euro-zone’s consumer inflation and GDP data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.07% against the USD and closed at 1.3715. Yesterday, earlier during the day, the Euro came under pressure after Euro-zone’s industrial production unexpectedly fell 0.1% (YoY) in March, … Continue reading

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EUR/USD: German Bundesbank to support ECB’s decision on additional stimulus measures

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.37% against the USD and closed at 1.3705, as the latest batch of downbeat Euro-zone economic releases strengthened speculations for additional ECB stimulus measures. Negative sentiment for the … Continue reading

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EUR/USD: Inflation in the Euro-zone to remain below 1.0% for an extended period of time, says ECB Vice President, Constancio

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined marginally against the USD and closed at 1.3756, paring some of its initial losses accrued due to speculation of an ECB stimulus. Negative sentiment for the Euro was … Continue reading

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EUR/USD: Euro trading flat ahead of few planned speeches by the ECB officials

EURUSD Movement On Friday, the EUR declined 0.61% against the USD and closed at 1.3755, extending its previous day’s losses on the back of the ECB President, Mario Draghi’s comments on loose monetary policy. In the Euro-zone, an ECB Governing … Continue reading

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EUR/USD: Mario Draghi opens doors for further stimulus measures in early June

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.52% against the USD and closed at 1.3840, after the ECB President, Mario Draghi, following the central bank’s decision to keep its interest rate intact at a record-low … Continue reading

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EUR/USD: US economy to register a “solid growth” in the second quarter, projects Fed Chief, Janet Yellen

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.10% against the USD and closed at 1.3912, as the latter benefitted from Fed Chief, Janet Yellen’s optimistic view on the future of the US economic growth. Janet … Continue reading

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EUR/USD: Euro-zone’s Markit composite PMI rose at the fastest pace in three years in April

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.36% against the USD and closed at 1.3926, after retail sales in the Euro-zone economy rose for the third-straight month in March and after Markit Economics reported that … Continue reading

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EUR/USD: European Commission maintained its 2014 growth forecast for the Euro-zone economy but slashed its 2015 growth estimates

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose marginally against the USD and closed at 1.3876, ahead of a busy week. In the Euro-zone, the European Commission maintained its 2014 growth-projection for the economy at 1.2% … Continue reading

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EUR/USD: Euro trading lower ahead of Euro-zone’s unemployment rate and Markit manufacturing PMI data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined marginally against the USD and closed at 1.3869, in a quiet holiday trading session. However, later during the day, the US Dollar benefitted from data that showed the … Continue reading

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EUR/USD: Fed continues tapering despite soft US GDP

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.42% against the USD and closed at 1.3870. The US Dollar lost ground after data showed that annualised GDP in the US rose 0.1% in the first quarter, … Continue reading

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