EUR/USD: Euro trading marginally lower with focus on Euro-zone’s consumer inflation data

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.30% against the USD and closed at 1.3812, after data from Euro-zone’s largest economy, Germany showed that annual consumer inflation rate rose to 1.3% in April, slower than … Continue reading

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EUR/USD: Low inflation to persist in Euro-zone for some more time but ECB far away from implementing QE, says ECB President, Draghi

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.10% against the USD and closed at 1.3853. However, gains in the Euro-zone’s common currency were capped as the US Dollar regained some lost ground after US pending … Continue reading

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EUR/USD: Euro pares its gains in the Asian session

EURUSD Movement On Friday, EUR rose marginally against the USD and closed at 1.3837, drawing support from upbeat German economic data released on Wednesday and Thursday. In a noteworthy event, Fitch Ratings confirmed Italy’s sovereign debt rating at “BBB+” and … Continue reading

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EUR/USD: ECB ready to start board-based asset purchases should inflation outlook deteriorate, indicates ECB Chief, Draghi

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.10% against the USD and closed at 1.3831, after the CESifo Group reported that its index on Germany’s business climate and future economic expectations unexpectedly rose to a … Continue reading

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EUR/USD: Euro trading higher ahead of the ECB President, Mario Draghi’s speech

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.07% against the USD and closed at 1.3817, after Markit Economics reported that the Euro-zone’s composite PMI surprisingly advanced to a reading of 54.0 in April, the highest level … Continue reading

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EUR/USD: ECB still has several instruments to loosen monetary policy, hints ECB’s Coeure

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.11% against the USD and closed at 1.3807, benefited from a report that showed consumer confidence in the Euro-zone economy improved more-than-expected by 0.6 points (MoM) to -8.7 … Continue reading

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EUR/USD: Euro pares its losses in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.16% against the USD and closed at 1.3792, in a thin-holiday trading session. Meanwhile, the US Dollar gained ground after the Conference Board reported that its leading index … Continue reading

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EUR/USD: Euro-zone’s annual consumer inflation rate confirmed at a four-year low reading of 0.5%

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.09% against the USD and closed at 1.3825, shrugging off its former losses, triggered by the latest batch of soft economic releases from the Euro-zone economy. Yesterday, data showed … Continue reading

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

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined marginally against the USD and closed at 1.3811. The US Dollar advanced after an official report showed that annual consumer inflation rate in the US rose more-than-expected to 1.5% … Continue reading

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EUR/USD: ECB stands ready to use unconventional measures to counter the risk of prolonged low inflation, hints ECB’s Noyer

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.24% against the USD and closed at 1.3814, as the latter advanced following a report that showed retail sales in the US rose more-than-expected 1.1% (MoM) in March, its … Continue reading

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EUR/USD: A further appreciation in the Euro could trigger additional stimulus measures in the Euro-zone, says ECB’s Chief, Draghi

EURUSD Movement On Friday, EUR ended the day flat against the USD and closed at 1.3887, paring some of it initial losses after an ECB policymaker, Jens Weidmann opined that he did not see a deflation spiral in the Euro-zone, … Continue reading

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