EUR/USD: Traders overlooked ECB’s message at its March policy meeting, says ECB’s Vitor Constancio

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.14% against the USD and closed at 1.3856, after the ECB Vice President, Vitor Constancio opined that market participants did not fully understand the central bank’s message at its … Continue reading

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EUR/USD: Stronger Euro creating downward pressure on the economy and inflation outlook, says ECB’s Christian Noyer

EURUSD Movement For the 24 hours to 23:00 GMT, EUR ended the day flat against the USD and closed at 1.3877, giving up its initial gains, after the ECB Governing council member, Christian Noyer, stated that the policymakers did not … Continue reading

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EUR/USD: Interest rate hike by mid 2015 fairly “reasonable”, opined Fed’s William Dudley

EURUSD Movement On Friday, EUR rose 0.06% against the USD and closed at 1.3873, as easing tensions on Ukraine and lingering optimism on the growth-outlook of the Euro-zone economy improved traders’ appetite for risk-taking. Meanwhile, an upbeat rise in the … Continue reading

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EUR/USD: ECB kept its interest rate unchanged at 0.25% and upgraded its 2014 growth-outlook to 1.2%

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.95% against the USD and closed at 1.3863, as investors speculated that easing measure in the Euro-zone economy would not be implemented after the ECB President, Mario Draghi rubbished … Continue reading

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EUR/USD: ECB should cut interest rates and either increase LTRO or undertake QE to avert deflation, urges IMF

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.08% against the USD and closed at 1.3731, as traders refrained from taking major bets in the Euro-bloc’s common currency ahead of the ECB interest rate decision. Negative sentiment … Continue reading

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EUR/USD: Interest rate hike to come in early 2015, expects Fed’s Jeffrey Lacker

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3742, as traders’ appetite for risk-taking increased after the Russian President, Vladimir Putin ordered military troops to return to their base from … Continue reading

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EUR/USD: Prolonged low inflation could risk derailing Euro-zone recovery, opines IMF Chief, Lagarde

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.28% against the USD and closed at 1.3736, as traders refrained from taking major bets in the risk-on, Euro, amid ongoing tensions in Ukraine. Negative sentiment for the Euro-bloc … Continue reading

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EUR/USD: Moody’s upgrades Germany’s rating outlook to “Stable”

EURUSD Movement On Friday, EUR rose 0.75% against the USD and closed at 1.3809, as traders reacted positively to the Euro-zone’s consumer inflation data, which showed that the consumer price index rose 0.8% (YoY) in February, similar to the pace … Continue reading

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EUR/USD: Euro-zone clearly not in deflation, says ECB President, Mario Draghi

EURUSD Movement For the 24 hours to 23:00 GMT, EUR rose 0.19% against the USD and closed at 1.3707. The US Dollar declined against the Euro-zone’s common currency pressurised by a lacklustre weekly US jobless claims data and following comments … Continue reading

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EUR/USD: “ECB reflecting 360 degree on its policy”, indicates ECB’s Yves Mersch

EURUSD Movement For the 24 hours to 23:00 GMT, EUR declined 0.47% against the USD and closed at 1.3681. The US Dollar advanced against the Euro after data showed that new homes sales in the US jumped 9.6% to a … Continue reading

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EUR/USD: European Commission upgraded Euro-zone’s growth forecast but slashed the region’s inflation outlook.

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.08% against the USD and closed at 1.3746, after data showed that, on a non-seasonally adjusted basis, Germany’s GDP rose 1.3% (YoY) in the fourth quarter, the fastest … Continue reading

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