EUR/USD: ECB keeping a close watch on inflation and is ready to take QE measures if needed, says ECB President, Draghi

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.25% against the USD and closed at 1.3887. However, gains in the Euro-zone’s shared currency were capped after the European Central Bank (ECB) President, Mario Draghi indicated that the … Continue reading

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

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.44% against the USD and closed at 1.3853. The US Dollar lost ground after the minutes from the Fed’s March 18-19 policy meeting indicated that the central bank would … Continue reading

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EUR/USD: ECB should implement more easing measures to support Euro-zone recovery and reach 2% inflation target, says IMF

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.38% against the USD and closed at 1.3794. However, the gains in the Euro-zone’s common currency were capped after the IMF, in its latest world economic outlook, opined that … Continue reading

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EUR/USD: No imminent deflation risk in the Euro-zone, says ECB’s Yves Mersch

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.28% against the USD and closed at 1.3742, after an ECB board member, Yves Mersch eased concerns on QE measures in the Euro-zone economy by stating that “there’s a … Continue reading

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EUR/USD: Lower interest rates needed to bolster Euro-zone’s recovery, says ECB’s Benoit Coeure

EURUSD Movement On Friday, EUR declined 0.15% against the USD and closed at 1.3702. However, earlier during the day, the US Dollar came under pressure after data showed that US non-farm payrolls rose by a seasonally adjusted 192,000 in March, … Continue reading

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EUR/USD: Policymakers discussed QE at the latest policy meeting, indicated ECB Chief, Draghi

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.31% against the USD and closed at 1.3724, after the ECB President, Mario Draghi signalled that policymakers discussed QE as well as a negative interest rate at the central … Continue reading

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EUR/USD: ECB should ease monetary policy to combat low inflation, says IMF

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR declined 0.18% against the USD and closed at 1.3767. The US Dollar gained ground after data showed that factory orders in the US rose more-than-expected 1.6% (MoM) in February, … Continue reading

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EUR/USD: No deflation prospects in the Euro-zone, says EBC’s Constancio

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3794, as traders cheered the latest batch of upbeat economic data across the Euro-zone. Data showed that Euro-zone unemployment rate stood pat … Continue reading

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EUR/USD: Euro-zone consumer inflation rate dropped to the lowest level since 2009 in March

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.15% against the USD and closed at 1.3775, reversing its initial losses, triggered by an official report that showed annual consumer inflation rate in the Euro-zone declined to 0.5% … Continue reading

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EUR/USD: Euro-zone not in deflationary cycle, opines ECB’s Weidmann

EURUSD Movement On Friday, the EUR rose 0.07% against the USD and closed at 1.3751 after Euro zone consumer confidence registered its strongest monthly jump in nearly five years in March while the economic sentiment indicator surpassed analysts’ expectations and … Continue reading

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EUR/USD: Euro trading tad higher in the Asian session

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.32% against the USD and closed at 1.3742. The US Dollar advanced after strong US GDP and weekly jobless claims data eased concerns on the growth of the world’s … Continue reading

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